Kenya: Mauritian Bank Rows With Somaia, Devani Families Over Sh740 Million

24 October 2018

Somaia and Devani families are no strangers to controversy -- and the latest brush is a bitter Sh740 million row between Port Louis-based Mauritius Commercial Bank and an oil firm at the centre of collapsed Imperial Bank's woes.

Jade Petroleum, one of the joint businesses between the Somaia and Devani families, is fighting off attempts by the bank to take enforcement action against it and its owners over an intricate $7.4 million (Sh740 million) loan deal.

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