Former Athletics Kenya chairman Isaiah Kiplagat [Photo/The Star]Former Athletics Kenya chairman Isaiah Kiplagat's family will have to refund a businessman Sh4 million following a deal that went south.
According to reports, Mega East Africa Limited was to take over Kipligat's business, however, the family cancelled the deal after a disagreeing with the owners.
The issue was taken to court and the management explained how they paid good will of Sh2.7 million, rent for six months amounting to Sh1.2 million and electricity bill arrears of Sh111,868.
Mega East Africa's lawyer Titus Koceyo stated in court that the disagreement arose after Mrs Joan Catherine Kiplagat, Kiplagat’s wife said some assets including glasses from the restaurant were not part of the agreement.
The company was to be in charge of the business' bar, restaurant, hair salon, gym and swimming pool, among other assets.
The lease of the property was to run for 15 years, starting on November 10, 2006, but the new owner lasted until December 2, 2006, about 20 days after moving in.