CS Alfred Mutua sued over Sh60m hotel shares - News Summed Up

CS Alfred Mutua sued over Sh60m hotel shares


Tourism CS Alfred Mutua is facing a lawsuit after an investor moved to court seeking to have him pay Sh60 million for an alleged purchase of shares in a hotel in Lavington. In a petition filed before the High Court, Ubhi Ripthuman Sigh claimed that on October 6, 2022, he and Mutua entered into an agreement where he sold 15 shares of hotel Brazilian Rodizio Limited to the CS for the aforementioned amount. In the suit listing the CS, co-director Emily Chebey Loroupe and the hotel as the respondents, Sigh said the meeting did not happen either. Sigh claims that after getting the 15 shares, the former governor became a duly registered director and majority shareholder of the company. Before selling 15 shares to Mutua, Sigh says he had 30 per cent of the company after purchasing the percentage from Loroupe for Sh30 million on March 9, 2022.


Source: The Star October 14, 2023 15:32 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */