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Originally published by Capital Business
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business
August 6, 2026
4h ago

Court dismisses Sh185.5mn Grand Regency refund claim against CBK

Court dismisses Sh185.5mn Grand Regency refund claim against CBK

In a judgment delivered on July 31, 2026, Justices Joel Ngugi, Nduma Nderi and Katwa Kigen ruled that Westmont Holdings Sdn. Bhd. lacked the legal capacity to continue the suit after it was wound up...

✨ Key Highlights

The Court of Appeal has dismissed a Sh185.5 million refund claim against the Central Bank of Kenya (CBK) by a defunct Malaysian company, Westmont Holdings Sdn. Bhd., ending a nearly three-decade-long civil dispute over the aborted sale of the Grand Regency Hotel.

  • The court ruled that Westmont Holdings lacked the legal capacity to continue the suit as it had been wound up.
  • The disputed funds of Sh185.5 million were deemed lawfully appropriated by the CBK to offset liabilities of Exchange Bank Ltd.
  • The claim originated in October 1998 and was linked to the Goldenberg scandal, involving businessman Kamlesh Pattni.

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