The shares, valued at approximately Sh604 million, are set to be auctioned by ABC Bank to recover a Sh433.76 million loan defaulted by Equatorial Nut Processors, a company in which Munga holds a 92% stake.
According to the review of the commission report commissioned by the Mauritius government to determine if they got upper hand or shortchanged in the sake of Britam shares where Peter Munga bought Sh7.17B worth of the shares, Guns have been blazing to the former Equity Bank and Britam chairman whom is being accused of duping […]
Four years after the establishment of the commission of inquiry on Britam Holdings Ltd, the report was tabled in the Mauritius National Assembly on Tuesday, July 27. The purpose of the investigation was to find out the circumstances in which the sale of the shares held by BAI Co (Mauritius) Ltd within Britam Holdings Ltd […]
