GT Bank, customer in fight over Sh1.4bn wired by ‘ghost company’

Guaranty Trust Bank is locked in a court dispute with one of its customers over the release of pound 9.5 million (Sh1.4 billion) allegedly wired to his account by a foreign company, even as the presiding judge gagged his lawyer, Nelson Havi, from publicly discussing the case.

Justice Fredah Mugambi’s ruling paints a picture of a high-stakes financial dispute mired in allegations of suspicious transactions, potential money laundering, and a fiery battle over lawyers’ rights to comment on ongoing cases.

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