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Suntra, registrar to return investor’s EABL shares
Judges agreed with the High Court that Bentley-Buckle did not contribute to the loss of the shares. The judges said the restoration should be completed within 90 days from the date of the judgment.
The Court of Appeal has affirmed a decision directing Suntra Investment Bank and Custody & Registrars Services to restore to a British family 99,100 shares of East African Breweries Plc (EABL) that were fraudulently sold by an imposter in 2007.
A bench of three judges upheld the High Court finding of negligence on the part of two firms and said the court rightly directed the two firms to restore the securities to the estate of Anthony William Bentley-Buckle who died in 2010 after retiring to his home in Hampshire in the UK. The shares have a current market value of Sh21.2 million.
