Billionaire businessman and Equity Bank #ticker:EQTY chairman Peter Munga has entered into negotiations with Bethany Vineyards, a firm owned by his friend-turned-adversary Joseph Muturi Kamau, to settle a seven-year court battle that has seen him accused of defrauding the company of Sh150 million.
Justice Fred Ochieng has agreed to adjourn the suit for three weeks to create room for out-of-court negotiations following a request by lawyers representing Mr Munga, Bethany Vineyards and Mr Kamau.
