Seven Kenyans have filed a petition in the High Court seeking the liquidation of Africa Merchant Assurance Company (Amaco) Limited, in which Deputy President William Ruto holds a stake.
Through B.W. Kamunge and Company law firm, Beth Wairimu Kahara and six others are asking more Kenyans to join the petition, which will be heard on 30th January, 2020.
“Any creditor or contributor of the said company desirous to support or oppose the making of an order on the said petition may appear at the time of hearing in person or his advocate.
“A copy of the petition will be furnished by the undersigned to any creditor or contributor or the said company requiring such a copy on payment of regulated charge for them,” the petition reads.
The notice, which was gazetted on 16th December, 2029, has not immediately disclosed why the seven people want the insurance firm liquidated.
However, it is believed that the company associated with DP Ruto has failed to pay claims to its clients.
Amaco has dismissed social media claims that it has filed a petition to get it declared bankrupt.
“We would like to assure our customers and the general public that we have not filed for bankruptcy proceedings, contrary to an article circulating on social media.
“We’ve not been served with any notice or court proceedings on the same. We are addressing the same via rightful channels,” the company said in a tweet.