His accountant, Lydia Mwangi, told him East African Breweries Ltd (EABL) had slashed his credit limit to Sh70 million from Sh111 million. This email is now part of court evidence in the ongoing battle between the distributor and the beer maker. A credit limit defines the value of goods a company can access without having to pay cash. Ordinarily, such matters would have been handled by the billionaire’s daughter, Anne-Marie Burugu, who is the managing director of Bia Tosha. “I am forwarding the attached email from our account at Bia Tosha Distributors Ltd, which is self-explanatory,” his court submissions show he wrote.

Source: Standard Digital September 19, 2016 20:26 UTC