Standard Chartered Bank in Frankfurt, Germany, rejected Sh785 million wired into a Central Bank of Kenya (CBK) account by Lake Turkana Wind Power (LTWP) as refund for excess pay from Kenya Power #ticker:KPLC that is under a parliamentary probe.
The German lender rejected the refund for excess payment of idle power charges paid in 2018, citing a lack of sufficient details of the ultimate beneficiary of the millions of shillings paid to the CBK account.
