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KCB barred from interfering with Sh145 billion at the centre of a dispute with an investment firm.[File, Standard]
The Kenya Commercial Bank has been barred from interfering with Sh145 billion at the centre of a dispute with an investment firm.
Commercial Court in Nairobi issued the orders after Fox-Capital Investment Ltd sued the lender, accusing it of withholding funds wired by a Swiss company for six months without explanation.
“ Pending the hearing of this application inter-parties, the defendant or respondent whether by itself, its servants, employees and or agents be and is hereby restrained from trading with, interfering with, transferring, meddling and or dealing with any manner whatsoever and howsoever with the foreign inward EUR 978,675,835.00 remittance (being the equivalent of Sh 145 billion at the prevailing exchange rates as at the time of filing this suit) being held by the defendant or respondent in a “held – pre-settlement suspense" status under Incident No. KCB-FIN-IT-2026-0417 for the credit and benefit of the plaintiff or applicant,” ruled Justice Rhoda Rutto.
