In Other News · Kenya

Source: Kenya Today

An explosive family shareholding dispute has placed a company secretary under criminal prosecution, drawn two brothers into the dock and prompted serious concerns about the safety of the woman challenging the disputed transfer. A contested share transfer involving Mathara Holdings Limited has escalated into a criminal prosecution and a bitter dispute over the safety of complainant Victoria Nyambura Karugu, who says she was unlawfully pushed out of her ownership interest through documents she never authorised. At the centre of the corporate controversy is Jane Wangechi Kabiu, also known as Jane Kabiu Gitau, who served as company secretary of Mathara Holdings through Optimum Registrars. Kabiu is charged with forgery and knowingly presenting a disputed Share Transfer Form as genuine, accusations that strike directly at the professional responsibilities associated with her position. Her co-accused, Eric Mwaura Karugu and Benjamin Githara Karugu, face charges arising from the same disputed transaction. All three are accused of conspiring to defraud Victoria of her shareholding interest, while the two brothers face additional accusations relating to information given to a Directorate of Criminal Investigations officer. Victoria has maintained that the transaction was intended to remove her from the company's ownership structure without her consent. In an interview,...