Don’t transfer assets, Chase directors told
A judge yesterday temporarily stopped the transfer of property of former directors of Chase Bank. “For avoidance of any doubt, the order serves to stop the former directors from doing any of the things sought for by the bank in the application,” Justice Fred Ochieng said. Chase Bank has filed the case to recover lost billions of shillings. The bank, which is under receivership, wants a permanent injunction restraining the directors and their agents from disposing of their assets and operating their bank accounts. Ochieng further ordered that the ex -directors put on hold any transfer or mortgaging of the property. Some of the companies that have been sued include Riverside Mews Investments, Rinascimentol Global Ltd, Boulevard Properties Ltd, and Seven Forty Investments, among others. Chase Bank has also sued…