Ex- Savannah Cement owners seek to halt judgment in Sh4.5bn fraud case
Nairobi, July 7 -- Shareholders of Savannah Heights Limited, one of the founders of Savannah Cement, want the High Court to halt the delivery of judgment in a petition lodged by their former business partner, Benson Ndeta, challenging his prosecution for alleged Sh4.5 billion bank loan fraud.
Donald Kiboro Mwaura, John Gachanga Kaiganaine and Savannah Heights Ltd want the Constitutional and Human Rights Division to suspend the judgment scheduled for July 8, citing new evidence.
The trio were officials at the cement maker before it collapsed in 2022 under a Sh14 billion debt burden and its acquisition by a consortium of investors in 2025 through a newly registered entity, Savannah Cement 2025 Limited.
Mr Mwaura and Mr Kaiganaine say all...
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