@Standard

Businessman seeks justice over six vehicles held by a debtor - 6 days ago, 09:39

By: Kamau Muthoni

A businessman is seeking justice after six vehicles, which were meant to settle a debt, were not released to him despite a court order.

The dispute is between Intcon Africa Limited Director Harish Patel and businessman Yusuf Abdallah Abdi, who is allegedly disposing of the vehicles on behalf of another trader, Iftikar Ahmed, who owes Patel money.

The court had ordered that the sale of vehicles be stopped until the dispute is resolved

But Patel says that the order by the magistrate’s court has been ignored.

Patel says Ahmed owes him money, and he had agreed to settle the debt by giving him the six vehicles.

In 2016, Ahmed allegedly released four vehicles as partial payment and later released two vehicles. However, the vehicles never reached Patel despite him going to register them under his company’s name.

It is claimed that Abdi went ahead to sell one ...
Read More


Category: business topnews news

Suggested

3 hours ago, 11:32
Commerce lobby readies for polls as officials exit

The incoming leadership of the Kenya National Chamber of Commerce and Industry (KNCCI) is expected to confront a myriad of challenges in selling Kenya to international investors despite the country’s ...

Category: business lifestyle markets news opinion corporate economy
2 hours ago, 12:12
No respite for consumers as fuel prices fall

Have you felt the relief from cheaper petrol and diesel? That is the big question that will remain on the minds of many consumers after petroleum pump prices dropped for the fourth month in a row last ...

Category: topnews news business
2 hours ago, 12:25
Agency records 18pc surge in 2018 exports

The Export Processing Zones Authority (EPZA) has recorded an increase in exports, which grew by 17.6 per cent last year to stand at Sh71 billion. Authority chairman Paul Gicheru says at the end of ...

Category: topnews news business
2 hours ago, 12:25
Nyandarua County in potato shortage crisis

An acute shortage of potatoes has hit Nyandarua County, a top producer of the tubers. However, the shortage has not benefited growers who plant the crop anticipating improved markets during the dry ...

Category: business topnews news
3 hours ago, 11:32
Nyandarua County in potato shortage crisis

An acute shortage of potatoes has hit Nyandarua County, a top producer of the tubers. However, the shortage has not benefited growers who plant the crop anticipating improved markets during the dry ...

Category: business news
3 hours ago, 11:32
Dam projects on course as residents agree on payment

Construction of two mega dams in Elgeyo Marakwet County worth Sh63 billion is finally set to start after more than 900 displaced families agreed to be compensated on a land-for-land basis. The ...

Category: business lifestyle markets news opinion corporate economy