High Court upholds Equity Bank’s $10m loan against Simbamanyo, dismisses fraud claims

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The Commercial Division of the High Court has dismissed a high-profile legal challenge filed by Simbamanyo Estates Limited, ruling that the $10 million post-import loan facility extended to Equity Bank was lawful, enforceable and executed without fraud or undue influence. The ruling, delivered on July 25, 2025, by Justice Harriet Grace Magala, brings an end […]The post High Court upholds Equity Bank’s $10m loan against Simbamanyo, dismisses fraud claims appeared first on Eagle Online.