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KCB Bank Cites Intimidation, Threats From DP Ruto Over 1B Shillings Weston Hotel Owes The Bank

Simba Watkins

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DP Ruto owned Weston Hotel is on the spotlight again after it has emerged that it owes the Kenya Commercial Bank  a total of 1B shillings, something the bank managers say has been hard to recover from the hotel. They have extensively cited interference and intimidation from the DP’s office saying it has been hard for the bank to get its money back. The money was supposed to be paid by the DP in line with the ownership row currently the establishment is embroiled in.

READ ALSO:Did Ruto Grab 900 Acres of Land in Maasai Mara?

Documents filed by the bank before Lands Court judge Bernard Eboso show that Weston secured several loans from the lender using the land now being claimed by KCAA as security.According to KCB’s legal director Bonnie Okumu, Weston secured a Sh350 million loan on October 9, 2014, using the Weston land. The bank also lent the hotel $1.5 million (Sh150 million).A year later on July 8, 2015, Weston again went for another Sh700 million and used the same land as security.

READ ALSO:Stop Raw Politics, Ruto Rebukes Critics Over Irrigation Project.

“There is a real risk that the applicant (KCB) may be rendered a mere bystander as orders which are adverse to its beneficial interests are granted to the petitioner.“By the virtue of the registered charge and further charge, the applicant has extended banking facilities to the second respondent amounting to Sh1.5 billion and $1.5 million (Sh150 million,” court papers filed by lawyer Emmanuel Wetang’ula on behalf of KCB also read.

READ ALSO:William Ruto is a Thief and Lord of Poverty – Babu Owino [VIDEO]

The lender argues that it gave Weston the loan relying on a confirmation from the Registrar of Lands that Weston was the registered owner of the land.Weston and KCAA did not challenge an application by KCB and the judge allowed it to join the case yesterday.

DP Ruto had previously confessed during an interview with the BBC in February this year that the land in which Weston Hotel sits on was disputed and that he did not know that it was grabbed from the KCAA.

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