The chairman of Orion East Africa limited Ruo Maina has written to the principal judge of the High Court over alleged frustrations coming from Co-operative Bank of Kenya chief executive officer Gideon Muriuki.
Maina says the Co-op bank managing director has been frustrating plans seeking the release of shares belonging to his firm amounting to Sh34,816,200.
Maina says in the letter he has commenced the attachment in execution process against Co-operative Bank of Kenya Limited and its Subsidiary Kingdom Security Limited through their Groups’ CEO and MD Dr Muriuki.
However, he claims his efforts are encountering stiff resistance by the CEO and MD Muriuki, whom he describes as a known habitual violator of court orders.
He said Muriuki has in the past been heard bragging to anyone who cares to listen that he will only release the shares belonging to Orion East Africa Limited over his dead body.
Maina said his request the office to assist them in the execution process by compelling the Bank and Muriuki to immediately deliver the CD’s certificates bearing 34,816,200 stock shares in the name of Orion East Africa Limited in fulfillment of the court decree, issued by the court on June 24, 2024.
“We pray that this court do issue a stern disciplinary warning to the Garnishee Bank and its CEO Dr. Muriuki from further interfering with the execution process and to deter him to desist from compromising officers of this court and to deter him from relentlessly frustrating and making a mockery of the Authority of this court in the execution process which he has undermined relentlessly for 25 years,” says Maina.
“Whilst the appeals for HCCC 1822 of 2000 and HCCC 343 of 2002 are queued in the Appeals Court diary for hearing, we wish to suggest that the listed matters be put in arrest until we complete with the execution process and fully canvass the natters of E390/2024 currently before a superior court,” he said.
His long letter is copied to Chief Justice Martha Koome, Court of Appeal President Daniel Musinga and the Chief Executive officer Capital Authority among others
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