×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

Blow as Tuju loses fresh round of Sh1.5 billion loan dispute to bank

Vocalize Pre-Player Loader

Audio By Vocalize

Former Cabine Secretary Rafael Tuju. [File, Standard]

Former Foreign Affairs Minister Raphael Tuju has lost a fresh bid to block East Africa Development Bank (EADB) from taking over his firm, Dari Limited, in a Sh1.5 billion loan dispute.

Mr Tuju, his three children, Dari and SAM Company moved back to the Supreme Court, seeking a review of its earlier orders that paved the way for the regional bank to place Dari under receivership to recoup the money loaned to Dari.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
By AFP 1 hr ago
Football
Emery urges Villa to use Europa triumph to fuel bold new era
By AFP 1 hr ago
Football
DR Congo cancel World Cup training in Kinshasa amid Ebola outbreak
Football
For Arsenal, the time is right and the Lord has made it happen
Sports
Julius Yego's exit beckons after his last African show in Ghana