Nairobi, Sept. 16 -- Two companies linked to billionaire businessman David Langat, have filed a petition seeking to block Transnational Bank from attaching a parcel of land they used as security for a disputed Sh134 million loan.
Koima Developers Ltd and Koisagat Tea Estate Ltd also want the bank restrained from issuing or advancing adverse notices to any licensed credit reference bureau (CRB) in regard to the contested debt and arrears purported to have accrued from it.
The two firms claim that Transnational Bank unfairly targets the land worth more than Sh500 million yet they only owed the lender Sh46 million and not Sh134 million as alleged by the bank.
In a suit filed at the High Court in Mombasa, the companies say that they remain c...