Man sues Senator Kindiki’s company for breach of land sale agreement
SEE ALSO :Court okays winding up of bankOn February 29, 2016, Muriithi sued the company at the Embu Magistrate’s Court. On September 27, 2017, Chief Magistrate Maxwell Gicheru ordered the firm to pay him Sh7.1 million, which included the balance and liquidated damages of Sh1.7 million, interest and cost of the suit. According to Muriithi, an agent of the firm deposited Sh2 million in his account and promised to pay the rest later. But on October 5, 2017, the company filed an appeal at the High Court in Embu seeking a reversal and setting aside of the judgement by the Magistrate's Court. The hearing of the matter is yet to begin. In its defence, Intercity Group said it was still interested in paying up. A witness statement by Moses Mpuria Kindiki, a company director, said: “There were issues relating to the financing and other inconveniencing developments that hindered payment of the balance of the purchase price." He further argued that the sale agreement was conditional to the company being financed by the Agricultural Finance Corporation for the purchase price, where the land would act as security.