Thursday, September 06, 2007

Alnoor Kassam The Man Who Dared To Challenge Biwott

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Biwott to Kassam; "…don't do that again. If you do I will not be responsible for what happens to you."

Trade Bank which Alnoor Kassam acquired from Gad Zeevi an Israeli businessman (later deported by Biwott but now involved in business dealings with him again) had a huge loan in it's books taken out by Biwott and Gad Zeevi.

When the bank ran into problems Kassam felt that he should bring it to the attention of Biwott who summoned the Central Bank governor Eric Kotut and balmed it all on Zeevi saying that he had a habit of leaving debts all over the place. He asked Kotut to go easy on Trade Bank and also to help Kassam get the money owed through other means.

The issue was resolved over a 3-year period during which tax payers funds were credited to the bank directly from the Central Bank in Kenya shillings in the following order annually; 80 million, 180 million and 280 million.

The relationship between Yaya center, TradeBank and Biwott is complex. But when Tradeank took over Yaya center, Biwott insisted that his loan of 150 million be written off. This caused a lot of

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