Father sues children over Sh2bn Mombasa hotel - News Summed Up

Father sues children over Sh2bn Mombasa hotel


In the lawsuit, Mr Osser accuses the children of illegally transferring his shares from the company and removing him from the list of directors when he left the country between 1998 and 2009. By BRIAN OCHAROMore by this AuthorA father and his two children have taken to court the battle over the ownership of a Sh2 billion luxurious hotel in Bamburi, Mombasa, with claims of illegal transfer of shares. ILLEGAL SHARE TRANSFERHanos (K) Ltd owns and operates the popular Papillion Garden Bar Villa on the Mombasa-Malindi road and adjacent to Jomo Kenyatta Public Beach. In the lawsuit, Mr Osser accuses the children of illegally transferring his shares from the company and removing him from the list of directors when he left the country between 1998 and 2009. Mr Osser says he has never signed any document to transfer his shares to anyone.


Source: Daily Nation May 16, 2019 14:37 UTC



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