A private dispute involving First Assurance Investment Company Limited has moved into the criminal courts after three major banks rejected demands to refund Sh363 million allegedly withdrawn from accounts controlled by the company’s directors.
Prime Cabinet Secretary Musalia Mudavadi, Lamu Governor Issa Timamy and representatives handling their interests repeatedly approached NCBA Bank, KCB Bank and Co-operative Bank seeking payment of the disputed amount.
The discussions reportedly reached a final stage where the banks were given twenty four hours to commit themselves to paying the money or…
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