T
Originally published by The Standard Business
📰 Read Full Article
September 25, 2026
2h ago

Stanchart bank given 14 days to respond to Savula's Sh1.8 billion claim

Stanchart bank given 14 days to respond to Savula's Sh1.8 billion claim

It added that things were allegedly okay until its directors, Savula and Hellen Jeptor, were charged before the court in 2022...

✨ Key Highlights

Standard Chartered Bank has been given 14 days to respond to a lawsuit filed by a company associated with Kakamega County Deputy Governor Ayub Savula, claiming Sh1.8 billion in damages.

  • The company, Sunday Publishers, alleges the bank unlawfully closed its account without notification, leading to significant financial losses.
  • Key figures involved include Ayub Savula, Deputy Governor, and Standard Chartered Bank.
  • The lawsuit contends that the bank unprocedurally supplied the company's bank statements to the Directorate of Criminal Investigations (DCI), allegedly triggering investigations by the Kenya Revenue Authority (KRA).

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article
The Online Kenyan Android App

Kenya's news, briefed daily

Daily Briefs with audio, your topics, and breaking stories.

Get the Kenyan News appFree Android app on Google Play

Related News

The Online Kenyan Android App

Take Kenya's news with you

Breaking stories, daily briefs, and the topics you follow - on your phone, free.

Get the Kenyan News appFree Android app on Google Play