The owner of the multi-billion property in Nairobi's 14 Riverside Drive, where the famous Dusit D2 hotel stands, has moved to court seeking to block an intended auction of the prime property.
Cape Holding Limited in its case filed under urgency on Wednesday, claimed that Synergy Industrial Credit Limited had illegally hiked its claim by a whopping 8.3 billion.
Cape's lawyer, Alln Gichuhi, stated that the principal amount was around Sh700 million.
However, he claimed that Synergy is now demanding Sh9 billion.
