Last month, the High Court gave the businesswoman Mary Wambui seven days to pay Sh100 million to Equity Bank to avoid auction.
By
Sam Kiplagat
Court Reporter
Nation Media Group
Glee Hotel Limited, an establishment linked to businesswoman Mary Wambui Mungai, has been placed under administration over a debt of Sh7.75 billion.
The High Court granted the businesswoman seven days to make Sh100 million payment to stop the auction of her luxury hotel.
The court said the hotel had not shown sufficient grounds to justify the interim orders it sought.
The High Court rejected claims of excessive interest charges and undervaluation of assets, clearing the way for Equity Bank to…
The funds are linked to forged documents, suspicious payments from Invest & Grow Sacco and a person who falsely posed as a lawyer.
The outcome of the petition could extend beyond the high-profile property dispute by reshaping how courts treat judgment debts,…
Businesswoman Mary Wambui is at risk of losing all her investments and putting her two daughters in trouble with Equity Bank as…
