Absa ordered to pay Shs 77.5m for illegally seizing trailer over loan dispute
Absa Bank has been ordered to pay a haulage firm Shs 77.5 million after it unlawfully seized the firm’s trailer in 2008 following a dispute over a loan. An earlier ruling by the High Court had ordered that Kawa Distributors pay the bank Shs 65 million, but the Court of Appeal overturned this ruling and…