Kenyan businesswoman Mary Wambui Mungai has gone to court to block the planned auction of a luxury Nairobi hotel, escalating a dispute with Equity Bank over what she says is a contested debt that has climbed above 8 billion shillings 62.0 million.
Court filings described in local reporting show Wambuis company, Purma Holdings, asking the High Court to stop the sale while it challenges interest calculations and penalties that pushed the lenders demand higher. One account put the claim at about Sh8.4 billion 65.1 million and said the property was valued at roughly Sh1.2 billion 9.3 million during development.
The fight has revived attention on Wambui, a figure long associated with big government supply contracts and high level political networks. She built much of her profile through Purma Holdings, a firm that has been linked in investigative reporting and court records to state tenders involving supplies such as uniforms, boots and food items to public agencies, including the security sector.
