Billionaire Rai to withdraw all cases against Mumias Sugar

Three noticves have been filed at the court of appeal by Rai.

In Summary
  • Three notices have been filed at the court of appeal by West Sugar which is owned by Rai and one at the Milimani Commercial Courts by Rai and his firm.
  • The matter before the High Court involves contempt of court proceedings against Sarbjit Singh Rai, Rakesh Kumar and Stephen Kihimba.
Jaswant Rai in a past event
Jaswant Rai in a past event
Image: JACK OWUOR/FILE

Billionaire businessman Jaswant Rai has filed a notice to withdraw all applications he had filed before the Court of Appeal and the High Court amid threats by President William Ruto.

Three notices have been filed at the court of appeal by West Sugar which is owned by Rai and one at the Milimani Commercial Courts by Rai and his firm.

"Take notice that West Sugar and Jaswani Rai wholly discontinue and withdraw their claim in this suit," reads the notice before the Milimani Commercial Courts.

The matter before the High Court involves contempt of court proceedings against Sarbjit Singh Rai, Rakesh Kumar and Stephen Kihimba.

The three were guilty of defying court orders to cease operations at Mumias.

They were subsequently fined Sh100,000 each and directed to appear before Justice Alfred Mabeya for sentencing. They have since stopped the sentencing at the appellate court.

The other three applications before the Court of Appeal are against appeals filed by PV Rao and Kenya Commercial Bank over the cancellation of the lease, and a different appeal by Ugandan Based firm-Sarrai Group seeking to overturn Justice Alfred Mabeyas's ruling.

In that ruling, Mabeya cancelled the 20-year lease awarded to Sarrai.

He stopped the deal on the grounds that it would benefit KCB Group and ignored the interest of Mumias shareholders and other lenders.

Sarrai is owned by Jaswant's brother Sarbjit Singh Rai.

The applications to withdraw will be handled on a date to be issued by the respective courts

WATCH: The latest videos from the Star