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Court halts seizure of tycoon's property
Mombasa businessman Tahir Sheikh Said gives money to a resident on March 25, 2008. The trader popularly, known as TSS, obtained an order to restrain Bank of Africa Ltd from dealing with any other securities held by the bank in respect to Juja Coffee Exporters Ltd. PHOTO | LABAN WALLOGA | NATION MEDIA GROUP
What you need to know:
- The orders stopped the bank from alienating or dealing with his assets in respect to accounts held by another company, where he is a majority shareholder over loans allegedly advanced to it.
Mombasa tycoon Tahir Sheikh Said, and two of his companies have obtained temporary orders restraining a bank from seizing his assets in regards to a loan.
The orders stopped the bank from alienating or dealing with his assets in respect to accounts held by another company, where he is a majority shareholder over loans allegedly advanced to it.
