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Court halts further Anglo Leasing payments

28 July 2014, 18:56 Victor Tinto

Nairobi - The Court of Appeal has halted further Anglo Leasing payments until a case lodged by the Law Society of Kenya is heard and determined.

The LSK has been in and out of court seeking a declaration stopping the payments from being made by government after the first one, worth KES 1.4 billion was made in June.

LSK feels that the cases have not been handled at all well by the government and have laid blame on Attorney General Githu Muigai's desk in that regard.

They believe that there is a room for argument as far as further payments are concerned and insist that the first payment should be re-visited.

The National Treasury recently paid out the1.4 billion to First Mercantile and Universal Satspace Limited, a firm connected to businessman Anura Perera, after losing to him in a London court in controversial circumstances. The payment was pushed through on the orders of President Uhuru Kenyatta to clear the way for the issuance of Kenya's first sovereign debt bond (Eurobond).

Perera has made an additional claim of KES 3.5 billion, which the government insists it does not intend to pay.

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