The State Law Office published his bankruptcy notice in the Kenya Gazette on October 2. With a compound interest rate of 19 per cent, Macharia's debt has now ballooned to Sh293 million. Having lost in the Court of Appeal this year, Macharia reportedly intends to challenge his bankruptcy ruling in the Supreme Court and has deposited the disputed amount owing in a Judiciary suspense account. Macharia ignored the ruling until 2008 when Waithaka served him with a bankruptcy notice. At the Court of Appeal, the judges ruled that Macharia and his wife challenged the ruling on the existence of the debt instead of the bankruptcy suit.

Source: The Star October 08, 2020 20:03 UTC