Patel family embroiled in Sh2bn shares dispute over Mombasa Cement, four other firms

A family dispute has erupted over billions of shillings worth of shares in Mombasa Cement and four other companies, with a nephew of the late businessman Hasmukh Kanji Patel accusing his uncle of fraudulently acquiring his late father’s interests in the firms.Khalid Patel, a nephew of the late Mombasa philanthropist and business magnate, claims his uncle unlawfully took over shares belonging to his father, Arvind Kanji Premji Patel, who died in 2013.