Risultati di ricerca
6 ott 2023 · The Supreme Court has rejected an application by former Cabinet Secretary Raphael Tuju to stop receiver managers appointed by a regional bank from taking over his property in Karen over a debt of Sh2.2 billion.
7 nov 2023 · Former Cabinet Secretary Raphael Tuju has suffered yet another blow after the Supreme Court dismissed his application to provide additional evidence to support his fight to block the seizure of...
21 apr 2023 · Former Cabinet Secretary without portfolio and ex Jubilee Secretary General Raphael Tuju is set to be auctioned over a bank loan of more than Sh. 2 billion. This is after the Court of Appeal dismissed his bid to block the auction. In the auction, Tuju is expected to lose 20 acre land situated in Karen and valued at about Sh. 1.3 billion.
Raphael Tuju asks court to allow fresh evidence in fight over Karen property Tuesday, January 30, 2024 - 5 min read. Former Cabinet Secretary Raphael Tuju ... Inside 100-year-old Nairobi house ...
- Dari Restaurant
- Raphael Tuju's Karen Land
- Raphael Tuju's Home
- Tuju Deposits Ksh 50M
- Kenyan Billionaires Whose Properties Were Auctioned
Daily Nation reported that Dari Restaurant was one of Tuju's properties set to be sold by auctioneers to recover the debt. Dari is located along Ngong Road in the Karen leafy suburbs on the outskirts of Nairobicity. The former Rarieda lawmaker was set to use part of the loan to develop the restaurant into a five-star facility. Part of the cash was ...
Also, at stake is Tuju's 20-acre parcel of land in Karen, one of the most expensive estates to live in Nairobi. The prime land is worth over KSh 1.3 billion and EADB held it as collateral. EADB appointed real estate consultancy firm Knight Frank as a valuer. The firm visited the properties for valuation before a planned sale.
Tuju offered his home situated along Mwiru Road in Karen as security. Kenyan politicians gave a glimpse of the mansion during the COVID-19pandemic period when they visited Tuju as he recovered from injuries he suffered during an accident.
In July 2020, Tuju deposited KSh 50 millionto save his multi-million Karen property from being actioned by EADB which is partially owned by the government. The lender prosecuted the dispute in a London court and got orders to seize the property after Tuju and his company, Dari Limited, were found to have defaulted on loan repayment. However, the ex...
Doing business in Kenya is not for the faint-hearted considering the high taxation. The auctioneers' hammer hasfallen on multi-billion propertiesbelonging to several billionaire businessmen over debts. Former Nakumatt chief executive officer (CEO) Atul Shah lost his Lavington home to auctioneers over a KSh 2 billion debt he took for the collapsed r...
26 apr 2023 · Show plans. Former Cabinet Secretary Raphael Tuju has lost control of his company, Dari Limited, over a Sh2.22 billion owed to the East African Development Bank (EADB) under an old law that favours asset auction over a rescue plan.
Former Cabinet Secretary Raphael Tuju’s Karen property was on Tuesday placed under receivership due to a Sh2.2 billion debt under an old law that favours asset auction over a rescue plan.
