By Jakowiti Atwech
AMACO Insurance, a company linked to the Deputy President William Ruto has filed a commercial suit at the high court to have it declared bankrupt
In a notice published on December 27 Kenya Gazette, any creditor or contributory of AMACO has been asked to appear in court for the hearing set for January 30, 2020. The proposal to liquidate the company was presented by Beth Kihara and six others.
This comes at a time when thousands of Kenyans have filed suits against the Deputy President’s insurance firm for failing to pay claims. Analysts feel it might be a ploy to avoid paying debts, camouflage then come out as a different company.
The company has been at the centre of some controversy concerning winning tenders from government agencies.
Early this month, while speaking at the Kenya School of Government in Kabete,
Interior Cabinet Secretary Fred Matiang’i announced that the government would go after rogue insurance companies over failure to compensate accident victims.
Dr. Matiang’i said most accident victims are never compensated promising to follow up and ensure that justice is served to those victims.
But in a quick response via social media, Africa Merchant Assurance Company (Amaco), an insurance firm, has distanced itself from the claim of being liquidated.