Fight for Sh2 billion haul at Ecobank intensifies

gavel-money

KRC has lost an appeal seeking to overturn a judgment directing it to pay Sh217 million to Telkom Kenya Limited. PHOTO | SHUTTERSTOCK

The fight for more than Sh2 billion that had initially been frozen over money laundering claims at Ecobank has intensified as feuding owners of the firm at the centre of the row seek control of bank accounts.

More than four cases have so far been filed before the High Court as shareholders and directors of Kiwipay Kenya Limited wrangle.

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