Muchanga Investment solely owns Karen land, says Miller
Muchanga Investment Ltd yesterday maintained it solely owns the Karen land.
Lawyer Cecil Miller said Barclays Bank confirmed in court it transferred in 1983 the title deed for the 134.4 acres to the company, owned by tycoon Horatius Da Gama Rose.
Making submissions before Justice Lucy Nyambura, Miller said the bank’s senior legal officer Waweru Mathenge confirmed records available in the bank identifies Rose as the one they dealt with.
He said Mathenge told the court the bank held the title deed for 10 years when a borrower, Da Gama Rose Investments, was repaying a loan of Sh10.5 million.
The legal officer said in the title deed he did not see any other company except Da Gama Roses’.
During cross examination, Mathenge told Miller there must have been a link between the borrower and the company which has secured the loan.
The hearing continues on October 30.
This article was published by THE STAR newspaper on October 12, 2015