| Updated Thu, July 20th 2017 at 11:35 GMT +3MOMBASA, KENYA: A fierce legal battle has erupted between two banks for control of the TSS Grain Miller which was used to secure loans from both National Bank of Kenya (NBK) and Kenya Commercial Bank. A relative and his former employees have been charged with forging documents and his signature to secure huge loans from banks. In a separate transaction, Juja Cofee Exporters associated with the late Mombasa tycoon has disputed a Sh4 billion debt demanded by the National Bank of Kenya NBK. In the latest battle NBK and KCB are battling to control TSS Grain Miller to enable them recover loans taken between 1998 and 2014. NBK advanced the loan in 2014 while KCB advanced two loans in 1998 and 2007.

Source: Standard Digital July 20, 2017 08:03 UTC