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Shareholder row, Sh350m claim rock Cannon Insurance
Mr Talwar’s kin claim in court papers that Metropolitan was to acquire Cannon General Insurance (K) Ltd for Sh313 million, and Cannon Life Assurance (K) for Sh37 million before 2022.
The family of late tycoon Inderjit Talwar has accused South Africa’s Metropolitan International Holdings PTY, two other companies and a prominent Kenyan lawyer of orchestrating a forcible takeover of Cannon Insurance amid a claim of Sh350 million.
Mr Talwar’s kin claim in court papers that Metropolitan was to acquire Cannon General Insurance (K) Ltd for Sh313 million, and Cannon Life Assurance (K) for Sh37 million before 2022 following fresh talks among the shareholders.
