Page 13 - Patrick Kiage News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 Mumbu Holdings were transferred to Mpesha Ltd in 2003. The Central Bank of Kenya (CBK) has been clear...

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 delay tactic to prevent the bank regulator from recovering the amount.  CBK Governor Patrick Njoro...

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 April 07 2021 By LOISE WANGUI Summary A doctor facing charges of negligence has lost his second attemp...

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 Mendza and Kubai’s grandson Andrew Kamau. However, Mendza died on June 6, last year, leaving his two ...

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 family has valid reasons challenging the High Court judgment. The auction of the stalled four-star Bluew...