I&M Rwanda pursues ex-Nakumatt CEO over Sh99m loan

Former Nakumatt chief executive officer Atul Shah. FILE PHOTO | NMG

A Nairobi High Court judge has allowed I&M Bank Rwanda Limited to recover close to Sh100 million from former Nakumatt chief executive officer Atulkumar Maganlal Shah, signalling more trouble for the fallen giant supermarket chain.

In his ruling, Justice David Majanja said the bank had satisfied conditions for the judgement granted to the lender by a Rwandan court to be recognised in Kenya.

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