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KCB seizes English Point Marina over Sh5bn debt

KCB has seized Mombasa’s luxury property English Point Marina and placed Pearl Beach Hotels under statutory management over a Sh5.2 billion debt.

Kenya
English-point
Coast
Booker-mbugua
Susan-muigai
Sam-kairu
Justice-mativo
Mwilliam-asiko
Joseph-wanjui
John-mativo
Kariuki-minju
John-khaminwa

Money laundering claims rock Sh5 billion English Point Marina

Trouble is brewing in Mombasa’s English Point Marina as the property’s developer faces fraud and money laundering investigations amid a vicious war with apartment buyers.

Kenya
English-point
Coast
Booker-mbugua
Susan-muigai
Sam-kairu
Justice-mativo
Mwilliam-asiko
John-mativo
Kariuki-minju
Joseph-wanjui
John-khaminwa

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