Page 7 - Patrick Kiage News Today

CBK to recover Sh727m stolen bonds from banker Monday April 12 2021 By JOSEPH WANGUI Summary The Court of Appeal has dismissed a petition from Jignesh Desai that sought to bar the CBK from recovering the millions of shillings. Mr Desai was accused of facilitating the opening of a bank account for Mpesha Ltd – a briefcase company –that was set up as a conduit to siphon millions of shillings from the CBK. Under the scheme, proceeds of Treasury bonds worth Sh205 million under CBA Capital and M...

Central Bank of Kenya (CBK) building in Nairobi. Simon Kiragu Kenyans.co.ke A former bank manager has been ordered to pay the Central Bank of Kenya (CBK) Ksh727 million for the alleged theft of Treasury bonds. Jignesh Desai had filed an appeal seeking to halt the CBK from recovering the bonds. In his petition, he sought to bar CBK from recovering the said amount arguing that it would cause him irreparable damage. The CBK sought Ksh727 million from Desai arguing that his petition was merely a ...

Doctor fails second time to block fines for overdosing baby Summary A doctor facing charges of negligence has lost his second attempt in court to block the medical regulator from penalising him for overdosing a one-year-old baby suffering from epilepsy. Dr Donald Oyatsi, a paediatric neurologist, had sought an order suspending punishment by the Kenya Medical Practitioners and Dentists Council (KMPDC) pending the hearing and determination of his appeal against a High Court judgment. Wednesday Ap...

THE STANDARD CENTRAL The Court of Appeal has thrown out an application by two granddaughters of former freedom fighter Fredrick Polwarth Kubai.  In an escalation of a 25-year court case which now turns to be a third-generation duel, Appeal Court judges Hannah Okwengu, Asike Makhandia, and Patrick Kiage unanimously agreed that Mary Sidi Mendza and Jane Njeri Njeru cannot join the case filed by their late father Moses Mendza Kubai against Christina Gakuhi Kubai. The appeal had been filed by Men...

Court saves K’Osewe from auction in Sh330m debt dispute Wednesday February 17 2021 By SAM KIPLAGAT Summary The Osewes owe Guaranty Trust Bank more than Sh330 million, secured using the Kisumu hotel and the block of apartments in Nairobi’s South C. The bank has been trying to auction the property since 2018 amid multiple suits before the High Court judge Thripsisa Cherere cleared the forced sale in January. But Justices Hannah Okwengu, Patrick Kiage and Jamila Mohammed reckon that the fami...

THE STANDARD By Kamau Muthoni | February 3rd 2021 at 00:00:00 GMT +0300 Speakers Justin Muturi ( pictured) and Ken Lusaka must agree on the fate of the Finance Act to avoid plunging the countrys budget cycle into a crisis. It was among 24 laws the High Court declared unconstitutional.  The National Assembly had asked the Court of Appeal to suspend the High Court order without which, it says, financial statements cannot be tabled in the House. The Court of Appeal reached the decision after la...

THE STANDARD By Everlyne Kwamboka | January 6th 2021 at 14:36:04 GMT +0300 A laptop bag [Courtesy] George Morara’s tribulations started when he masqueraded as a ‘Doctor Nyamweya’ working with the Kenya Medical Research Institute (KEMRI), on June 8, 2012, a day he strolled into the premises of Nairobi Aviation College at Kahawa House. He convinced a group of students that he was offering internships at Kemri and requested those interested to accompany him to the institute. With lots of e...

Court Rulings That Shocked Power Corridors in 2020 30 December 2020 - 6:25 pm Julius Wambua and his daughter Dorcas Mwende when they left the Kamiti Maximum Prison on December 18, 2021 Twitter A lot has happened on the corridors of justice in 2020 despite the year having been ravaged by the pandemic.   This year saw the Kenyan court deliver convictions and rulings that will remain etched in the minds and hearts of many Kenyans for years to come. Kenya rose to number eight among the most corru...

THE STANDARD By Paul Ogemba | December 23rd 2020 at 15:32:48 GMT +0300 William Osewe, owner of the popular K’Osewe restaurants (Ranalo Foods). A four-star hotel in Kisumu owned by William Osewe of the popular Ranalo Food chain has been saved from auction over a Sh328 million bank loan. Court of Appeal Judges Hannah Okwengu, Patrick Kiage and Jamila Mohammed stopped Guaranty Trust Bank (Kenya) Ltd from auctioning the Blue Waters Hotel and a block of apartments in South C, Nairobi pending d...

THE STANDARD By Paul Ogemba | December 23rd 2020 at 15:32:48 GMT +0300 William Osewe, owner of the popular K’Osewe restaurants (Ranalo Foods). A four-star hotel in Kisumu owned by William Osewe of the popular Ranalo Food chain has been saved from auction over a Sh328 million bank loan. Court of Appeal Judges Hannah Okwengu, Patrick Kiage and Jamila Mohammed stopped Guaranty Trust Bank (Kenya) Ltd from auctioning the Blue Waters Hotel and a block of apartments in South C, Nairobi pending d...