Citibank seeks to stop probe over Sh261mn KTDA-linked loan
Court documents filed under HCCHRPET/E373/2026 show the bank is seeking conservatory orders to block investigative agencies from summoning, arresting or charging the employee over allegations of negligently processing the credit application that resulted in the loan being disburs..
✨ Key Highlights
Citibank Kenya has filed a High Court petition to halt investigations into a Sh261 million loan granted to Kiru Tea Factory Company Limited, seeking to protect one of its employees from being summoned, arrested, or prosecuted.
- The loan in question amounts to USD 2,020,000.00 (Sh261 million).
- Key organizations involved include Citibank Kenya and the Kiru Tea Factory Company Limited, with investigations linked to former KTDA National Chairman Chege Kirundi.
- Citibank argues the investigation violates constitutional rights and is questioning the *manner* of the investigation, not the loan's legality.
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Part of the Day's Coverage
High Court lifts freeze on KBL arbitration award in Kisumu brewery dispute - July 2026
The High Court has lifted a freeze on a Kenya Breweries Limited (KBL) arbitration award concerning a dispute over the construction of its Kisumu brewery, ruling that indefinite suspension undermines alternative dispute resolution. Citibank Kenya has separately filed a High Court petition to halt investigations into a Sh261 million loan granted to Kiru Tea Factory Company Limited, seeking to protect one of its employees from being summoned, arrested, or prosecuted. Meanwhile, the Imperial Bank Limited (In Liquidation) receiver has placed Sparetech Trading Company Limited under receivership as part of efforts to recover assets linked to the collapsed lender, with creditors given 30 days to file their claims.
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