Kenya: MPs Probe How City Billionaire's Firm Used JKIA Land to Get Sh510 Million Loan

A parliamentary committee has resolved to summon the Treasury secretary, the National Land Commission and a commercial bank to explain how an airport land title was used by a private firm to secure a loan of Sh510 million.

The Public Investment Committee (PIC) said Standard Chartered Bank will be required to appear before it to provide the legal authority it used to extend the loan to Transglobal Cargo Centre Limited.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.