Tycoon Langat-linked firms sue bank over Sh500m land

Businessman David Langat. FILE PHOTO | NMG

Two companies linked to billionaire businessman David Langat, have filed a petition seeking to block Transnational Bank from attaching a parcel of land they used as security for a disputed Sh134 million loan.

Koima Developers Ltd and Koisagat Tea Estate Ltd also want the bank restrained from issuing or advancing adverse notices to any licensed credit reference bureau (CRB) in regard to the contested debt and arrears purported to have accrued from it.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.