The High Court has quashed criminal proceedings against businessman Mr. Madatali Madatali Manji in a loan fraud case involving Sh4.5 billion.

• The case involved allegations of fraudulently obtaining a Sh4.5 billion loan from National Bank of Kenya.
• The key individual involved is businessman Mr. Madatali Madatali Manji, also known as Ndeta.
• The ruling, delivered by Justice Grace Nzioka, cited a lack of prosecution readiness and inordinate delay as reasons for the decision.