Connect with us

Hi, what are you looking for?

NATIONAL NEWS

Drama as tycoon SK Macharia storms Directline declaring takeover amid court battle

Witnesses at the Hazina Towers offices said Macharia arrived with a group that forced its way in by breaking doors before he announced staff changes.

NAIROBI, Kenya, Sep 22 – Drama unfolded at Directline Assurance Company Limited on Monday after businessman SK Macharia stormed the firm’s Nairobi offices, declared a takeover, and announced the dismissal of staff.

Witnesses at the Hazina Towers offices said Macharia arrived with a group that forced its way in by breaking doors before he announced staff changes.

“There is a valid court order stopping his moves,” one staff member said, adding that the incident was reported to the Central Police Station and the Insurance Regulatory Authority (IRA).

Security footage captured the morning commotion, showing Macharia at the reception area directing his team.

Directline’s Principal Officer and Chief Executive Officer, Sammy Kanyi, confirmed he had filed a formal complaint.

“He announced he had fired me. He also led a group to break doors, yet there is a court order stopping such moves. Let the authorities take necessary action,” Kanyi said.

Police officers later visited the offices and said investigations were underway.

Ongoing court battles

The confrontation comes amid a protracted legal battle over control of the insurer.

Last year, a court barred Macharia from attempting to take over Directline, issuing wide-ranging injunctions restraining him and his associates from interfering with the firm’s management, staff, or finances.

The orders also prohibited the signing of cheques, money transfers, or issuing directives to banks, contractors, or business partners without shareholder or board resolutions.

In a separate case, the court further restrained Macharia from broadcasting cautionary advertisements warning the public against engaging with Directline.

The insurer argued that the adverts, aired by Macharia’s Royal Media Services, were defamatory and damaging to its financial standing.

Justice Francis Gikonyo, granting a temporary restraining order, emphasized that Directline is a distinct legal entity whose financial stability must be protected.

“Accordingly, the 1st defendant (SK Macharia), his agents, employees, or servants, or any other person is restrained from publishing, printing, distributing, airing, or otherwise circulating the advertisements set out in the affidavit by Sammy Kanyi,” the judge ruled.

Kanyi had detailed the false claims contained in the media campaign.

Comments

More on Capital News

Kenya

Edung reported 49,502 voter transfers and 1,066 updates of voter details, highlighting growing engagement as the country prepares for the 2027 General Election.

Kenya

He alleged that after failing to win support from residents, Gachagua escalated the campaign.

Kenya

The appointments, published in the Kenya Gazette, are aimed at ensuring continuity and strengthening leadership in key oversight and public service institutions.

Kenya

PS Omollo said the Government has scaled up disarmament efforts to rid communities of illegal firearms.

Kenya

Each financial year, county governments receive hundreds of billions of shillings in equitable share allocations, conditional grants, and own-source revenue. Reports by the Auditor-General...

Kenya

The case centres on the ongoing privatisation process, including that of the Kenya Pipeline Company, which the petitioners claim is being conducted in violation...

Kenya

The railway line, once a critical link between Kenya and northern Tanzania, fell into disuse due to declining freight and passenger traffic.

Kenya

Tuju said he has already communicated his wishes to his family, emphasizing simplicity and a private burial process.