Printer Friendly

Raila firm ordered to pay Sh7.7m million debt.

A company owned by former Prime Minister Raila Odinga has been ordered to pay sh 7.7 million to a Mombasa company over a 2016 debt.

Spectre International limited has been directed by a Mombasa court magistrate Francis Kyambia to pay Betric Kenya limited for goods they had supplied back in 2016.

The Raila-owned company is also expected to pay for the cost of the suit which was filed in 2017.

According to Betric Company, between May and June 2016, Raila's company took the company profile and later made an order for supply of fuel oil (HFO) through LPOs dated on diverse dates between June and July 2016.

Betric said they delivered the required product totaling to sh 14,500 liters of the requested oil.

They said they made the delivered the suppliers on two batches.

Spectre however failed to meet their end of the deal after they failed to pay for the goods within the stipulated period.

Betric said they had agreed to have the payments totaling to sh 8,089,422 within 3 days.

'However, the defendant made some payments leaving a balance of sh 7, 739, 422,'the company said.

Through its lawyers Wamenyo Onyango and associates, Betric said the acts by Spectre company has caused pain and anguish to the company which have been left with a debt they took from a bank.

According to the plaintiff, the loan they took from a financial institute has remained unserviced and its interests has accumulated.

'Our plea to Raila's company demanding for immediate payments of the outstanding accruement have been in vain.Inspite of the repeated promises, the payment have never been done, 'they claim.

In the matter, Spectre failed to enter appearance even after being served a notice through a newspaper advert.

A court server said he attempted to serve the company at its premises located in Kisumu but was informed the company had shut down.

Court server Julius Raminya informed the court that a gateman at the company had told him the company had been closed down for one year and it was not known when the operations were to resume.

COPYRIGHT 2019 Knowledge Bylanes
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Star (Nairobi, Kenya)
Geographic Code:6KENY
Date:Feb 21, 2019
Words:417
Previous Article:Corridors of Power.
Next Article:Police to track down Helb defaulters - CS.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |