Former Cabinet Secretary Raphael Tuju. [File]
Former Cabinet Secretary Raphael Tuju has rejected plans to auction his 20-acre property in Karen, saying the matter remains before several courts and tribunals.
Tuju, chairman of Dari Limited, made the claim in a notice published in the Standard on Tuesday, August hours before Entim Sidai Wellness Sanctuary was set to go under the hammer following an earlier notice by Garam Auctioneers.
"The matter of that sale is currently the subject of litigation at the Auctioneer's Tribunal and the High Court," said Tuju.
He named several pending cases, including Supreme Court case SCPT/E012/2023, Dari Limited versus East African Development Bank (EADB), which he said remains before the country's highest court.
The row goes back to a Sh1.2 billion loan EADB gave Dari Limited in April 2015 to fund a commercial property project in Karen, secured against Entim Sidai, Tamarind Karen and Dari Business Park.
Tuju's firms fell behind on payments within a year, and after a London court ruled against them in 2019, the debt, pushed up by interest and penalties, has since grown to about Sh4.5 billion.
EADB sold Dari Business Park at auction in October 2024 for Sh450 million to Ultra Eureka Limited, a firm linked to businessman Jackson Kiplimo Chebett.