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MP Chepkut on the brink of losing Sh110 million hotel over loan default

Ainabkoi Member of Parliament William Chepkut. [Peter Ochieng/Standard]

A member of the National Assembly from Uasin Gishu County might lose a Sh110 million hotel in Eldoret for allegedly defaulting on a loan.

Ainabkoi MP William Chepkut (pictured) is said to have defaulted on a loan he borrowed from a local bank, forcing the financial institution to instruct an auctioneer to sell his Royalton Hotel in a bid to recover the money loaned.

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