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Pattni firm claims Sh2bn from CBK over Grand Regency

Laico Regency Hotel in Nairobi, formerly Grand Regency Hotel. Malaysia-based firm is claiming about Sh2bn from the CBK, being deposit for the purchase of the hotel and interest accrued. Photo/FILE

A company associated with Goldenberg architect Kamlesh Pattni has won a court battle reinstating a Sh2 billion compensation claim it has made against the Central Bank of Kenya (CBK).

Malaysia-based Lynwood Development Limited says the claim is for the $3.7 million (Sh318 million at the current exchange rate of Sh86) it paid the CBK in April 1997, being a 10 per cent deposit for the purchase of Grand Regency Hotel and interest accrued.

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