Odinga firm risks losing property over Ksh 7 million debt, seeks court intervention

Raila owned company has moved to court seeking order to stop the auction of its property over debt worth Ksh 7 million

The East Africa Spectre International Limited wants Betric Kenya Limited barred from auctioning the property to recover the money, The Star reports.

Last month, Mombasa principal magistrate Francis Kyambia ordered Spectre to pay the fine which had remained in debt for three years.

Betric wants to auction the properties to recover the cash.

The company is said to have supplied litres of fuel oil (HFO) to Spectre International in Kisumu at a cost of Sh8 million between June 4 and July 18, 2016, but only Sh1 million was paid.

Spectre said Betric failed to file any document proving the debt and that the claims are unmerited and unfounded.

Acting general manager Jacob Agoch said he only became aware of the suit through the media and that the claims in the plaint are unmerited and unfounded.

The court is yet to decide the fate of the situation of the company