Court clears Ecobank manager for releasing airline firm’s cash

An Ecobank branch in Thika town. 

Photo credit: File | Nation Media Group

The High Court has rejected an application seeking to hold an Ecobank Kenya manager liable for releasing funds belonging to a plane leasing firm facing insolvency.

The court declined to hold the branch manager at Ecobank Towers liable, saying there was evidence to show that the funds belonging to DAC Aviation (EA) Limited were released to a third party, pursuant to a court order.

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