Billionaire S.K. Macharia Shutters Directline Assurance Amid Sh7 Billion Misappropriation Allegations
Billionaire S.K. Macharia has shut down Directline Assurance Company due to the misappropriation of over Sh7 billion. The company's assets will be managed by Royal Credit Limited. The closure has left the Kenyan insurance market reeling, raising concerns about regulatory oversight.
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