UBA Bank sues Indian firm in Sh267m Ketraco deal row

UBA Kenya branch in Nairobi. FILE PHOTO | NMG

UBA Kenya Bank has sued an Indian firm Jyoti Structures, which is in liquidation, seeking to recover more than Sh267 million ($2.6 million) it advanced the company which built the Isinya-Suswa electricity transmission line.

The bank, which has also enjoined Kenya Electricity Transmission Company Limited (Ketraco) as a party to the suit, claims that it is in danger of losing the money advanced to Jyoti.

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