Billionaire Paul Wanderi Ndung’u has lost a case in which he sought to stop the auction of his properties over a Sh664.8 million loan owed to Equity Bank Kenya, paving the way for the lender to liquidate the assets that were used as collateral.
The businessman had rushed to the High Court after Garam Investments Auctioneers on February 28 invited interested buyers to bid for his prime residential property sitting on 2.8 acres in Nairobi’s Gigiri and a 600-acre commercial farm in Laikipia County.
