This archive report was first published on 18 May 2020.
On May 18, 2020, a High Court bench of three judges ruled in favor of Suntra Investment Bank, allowing the Nairobi Securities Exchange agent to deposit Sh5 million in court.
The condition was set as a prerequisite for suspending a decision directing Suntra to return nearly 100,000 shares belonging to an ex-British naval officer, Anthony Williams Bentley–Buckle, which were fraudulently sold.
The son and daughter of the former naval officer successfully sued Suntra Investment Bank and Custody & Registrars Services Limited, the central depository agent, over the sale of 99,100 East African Breweries Limited shares.
Justices Wanjiru Karanja, Hannah Okwengu, and Fatuma Sichale ruled that Suntra had satisfied the conditions required to grant the order for stay, citing the twin principles as required by law.
