Former Cabinet Secretary Raphael Tuju has suffered a blow after the Supreme Court cleared the way for a regional lender to auction his prime properties in Karen, over a debt of Sh4.5 billion arising from a botched loan deal. The judges said they “were strongly persuaded that our further participation” in the case would not serve the ends of justice, at least in the eyes and perception of Mr Tuju. The decision comes a few days after Garam Investments Auctioneers put up for auction one of Tuju's hotels in Karen. Mr Tuju also sought to counter additional evidence given by the bank, after the lender was granted the chance by the same court. In the application, Mr Tuju and Dari Ltd accused the court of handling the applications in a manner that led them to believe that the judges were working towards a predetermined outcome.

Source: Daily Nation October 11, 2024 13:20 UTC