Credit Bank sues Moses Kuria over Sh72m default
Nairobi, May 24 -- Credit Bank has moved to court seeking to recover Sh72 million from former Cabinet Secretary Moses Kuria and a company linked to him for loans advanced to them about seven years ago.
The lender says in court documents that Smith & Gold Productions Ltd borrowed loans in 2019 to finance a project at Bomet University College but has since refused to repay the loan despite several reminders.
Credit Bank has named Mr Kuria and Aloise Kinyanjui, who are directors of Smith & Gold Productions Limited, alongside Emerging Capital Holdings, as respondents in the case.
"The Defendants' breach of the credit agreements and guarantees constitutes a debt recoverable," Credit Bank said.
According to court documents, Credit Bank firs...
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