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State-run miller fights auction over Sh2b loan

The corporation says Standard Chartered Bank has failed, neglected and refused to consider its proposal on how to settle the debt. [Courtesy]

The Milling Corporation of Kenya wants the High Court to stop the Standard Chartered Bank from auctioning its property.

The government-owned firm that deals in maize meal and animal feeds had used the property as security for a Sh2.2 billion loan taken between 2010 and 2015.

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