COMPANIES owned by former Cabinet Minister Nicholas Biwott owe the Central Bank of Kenya (CBK), the Deposit Protection Fund (DPI) and the collapsed Trade Bank (13) Sh 25.8 billion, the Goldenberg Commission heard yesterday.
The Commission was also told that Trust Bank Limited transacted Sh4.7 billion through its Goldenberg International Limited (GIL) account with Exchange Bank United.
Lawyer Cecil Miller for DPF while cross-examining a liquidation agent Daniel Ng’atuny said the 25.8 billion was inclusive of interest of various amounts advanced to the Biwot companies and the collapsed bank.advanced to Biwot companies and the collapsed bank.
