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Grain miller sues KCB over Sh600m loan charges

A factory belonging to wheat millers Bakhresa that is located in Gasabo District, Rwanda. FILE PHOTO | NMG

By  Philip Muyanga

Correspondent

Nation Media Group

A grain miller has sued the Kenya Commercial Bank (KCB) #ticker:KCB seeking an order suspending any interest, charges, fees or penalties on a Sh600 million loan advanced by the bank.

Bakhresa Grain Milling (K) Ltd also seeks an order reversing any of the said payments debited from its account in respect of the loan taken to buy a parcel of land.

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

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