Directline Assurance Company’s ongoing shareholding and directorship row took centre stage in court on Thursday, as Justice Francis Gikonyo called for the matter to be resolved without further delay. S. K. Macharia, chairperson of Royal Credit Limited and founder of Directline, appeared in court over contempt proceedings and detailed the …
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The court has urged parties involved in the long-running ownership dispute over Directline Assurance Company, a leading insurer for Public Service Vehicles, to consolidate and streamline their multiple pending applications. The aim is to allow the case to focus on the main issues of directorship and shareholding. Click here to …
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Directline Assurance has immediately ceased issuing new insurance policies. The company announced that all future transactions must be conducted through its original shareholders and labeled a CR12 document, which lists different shareholders, as fraudulent and improperly acquired. Directline has decided to halt its insurance operations and stated that, effective September …
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In a shocking development, Royal Credit Company has declared the immediate closure of Directline Assurance Company, with all its operations ceasing effective immediately. Dr. SK Macharia, the Chairman of Royal Credit Limited and owner of Royal Media Services, released a terse statement today confirming the closure and subsequent termination of …
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The Lower Eastern Times Opening The Third Eye