wazua Wed, Mar 25, 2026
Welcome Guest Search | Active Topics | Log In

3 Pages<123
Runda house owner gets order to recover Sh726m from HF
Options
Previous Topic · Next Topic
Gatheuzi
#21 Posted : Monday, June 22, 2015 4:26:57 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
It seems judgements on compound interest are nowadays being based on 26%.

Read how KFF boss loan of 432K since Jul 2009 has grown to 1.3M. I&M bank wants him declared bankrupt.

http://www.businessdaily...8/-/1ddrgmz/-/index.html
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
Back to top
  | | Edit by user: Monday, June 22, 2015 4:28 PM | Reason: Not specified
obiero
#22 Posted : Monday, June 22, 2015 8:09:58 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,231
Location: nairobi
maka wrote:
whiteowl wrote:
obiero wrote:
lochaz-index wrote:
hisah wrote:
Othelo wrote:
mwekez@ji wrote:
Taking this with a pinch of salt. BD have a way of misreporting

Yes, those figures dont look real hata kama.

Yes the figures are quite bizarre and that math doesn't add up. That's why I expected HF to respond if at all they have a functioning PR desk... Silence means?


The figures only make sense if the 20m initial award is assumed to have been the right value back in the year 2000 when it was auctioned and the subsequent court interest rate of 26% applied on it for 15years to date plus compounded incidental costs. Otherwise the reporter must have goofed somewhere.

To determine the validity of a thread on wazua.. U must return to the source... This award is grossly inapplicable. Even if HF made a mistake at the start, how many lives would be affected if the award is implemented. Utilitarianism would have to be considered in application of the law

the law is an asssmile


Let them pay.This thing of ignoring court orders must stop.
Court interest has no fetters

HFCK will side step this case. If not, then the bank will bleed
Back to top
WWW
  |
3 Pages<123
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.