High Court upholds CMA order to Suntra on Safaricom shares

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The High Court has upheld a Capital Markets Authority (CMA) order directing stockbroker Suntra Investments to restore 212,500 Safaricom shares wrongly allocated to two individuals 18 years ago.

The broker was also ordered to pay Sh2.4 million in accrued dividends to the rightful investor, Wanjugi Discount Stores Limited.

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