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Shareholder row, fights for millions rock Resolution

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Business Daily | by Sam Kiplagat


Shareholders of collapsed Resolution Insurance are locked in a vicious court fight over Sh692 million ($6 million) that the founder of the firm claims his partners failed to pay after acquiring shares in the insurer.

Resolution founder Peter Nduati accuses the majority shareholder, Linkham Services Ltd, and its associates of breaching a share purchase deal blamed for the collapse of the insurer…

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