Tycoon and Citizen TV owner Samuel Kamau (SK) Macharia has escaped repaying a multimillion-shilling loan owed to a US-based financier after the High Court ruled that Export-Import Bank of America debt recovery suit was time-barred.
High Court ruled that the lender was time-barred in bringing the suit before judges in October 2010 instead of May 2006 in line with the law that demand such cases be heard within six years.
