Caption: Former Vice President Moddy Awori Photo:MpashoFormer Vice President Moddy Awori has confirmed that he and his wife Rose Awori were the directors of Muchanga Investment Company limited that did purchase the over 8 billion shillings disputed land in Karen
Awori told Justice Elijah Riech of Environment and land that he and the company purchased the suit property in February 1983 and thereafter it was charged at the Barclays Bank for a loan of Sh10.5 million.
He testified that he and company’s board resolved to execute the same in favor of Muchanga Investment Limited.
“The bank could have not registered the charge over the suit property if the same never belonged to the investment company,” Awori said as quoted by KBC.
He went on to admit thathe signed documents for advancement of the loan as the chairman of the company after a resolution by the board.
The court heard that the bank was appointed by Anold Brandley who owned the suit property and being the sole administrator of the land had the capacity to sell the suit property.
Companies like Telesource.com a company owned by former NSSF managing trustee Jos Konzolo, Habenga Holdings and Jina Enterprises have laid claim over the land.
Aworis’ crossed examination continues on Wednesday 26.