Suntra directed to deposit Sh5m in shares fraud suit

Judges ruled that the NSE agent had satisfied the conditions required to grant them the order for stay. FILE PHOTO | NMG

Suntra Investment Bank has been directed to deposit Sh5 million in court, as a condition for suspending a decision of the High Court, directing it to return nearly 100,000 shares belonging to an ex- British naval officer, which were fraudulently sold.

A bench of three judges ruled that the Nairobi Securities Exchange agent had satisfied the conditions required to grant them the order for stay.

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