The High Court has declined to order a bank to release Sh485 million held by a law firm on behalf of a construction company despite a claim that the company owes $5 million (Sh645 million by current exchange rates) plus interest.
Multiple ICD (Kenya) had sought an interim order against UBA Kenya Bank that the money being held in deposit by Ahmednasir Abdullahi Advocates LLP to the credit of Zakhem International Construction under a court order in another case be attached. Multiple ICD runs an inland container depot in Mombasa.
