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Dubai Bank, Erdemann tussle over Sh40m deposit

Kenya: A local bank is embroiled in a legal tussle with a property development company over Sh40 million held by the financial institution.

Dubai Bank is at cross roads with Erdemann Property Ltd in which the financial institution is accusing the company of tarnishing its name. But on the other hand, the property firm is also accusing the bank for unlawfully withholding its monies without a valid reason.

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