Court says the tea factory had not shown that excluding it from the case would affect its interests.
By
Joseph Wangui
Correspondent
Nation Media Group
The High Court in Nairobi has rejected an application by Kiru Tea Factory Company Ltd to join a case in which Citibank N.A. Kenya is seeking to stop a criminal investigation over a disputed $2.02 million (Sh261 million) loan.
Kiru asks the court to join it as an interested party and permit it to respond to Citibank's petition.
DCI wants to establish whether forged board documents were used in the application of the $2.02 million (Sh261.1 million) loan,…
KTDA is owned by more than 600,000 smallholder tea farmers across 16 tea-growing counties.
Court rules that the miller's lending model trapped a coffee cooperative in a cycle of debt.
Tea sector players have moved to court challenging the new Tea Board of Kenya levies and regulations.
This stemmed from a dispute over Sh14m frozen during investigations into a Treasury Bonds fraud.
