Former Libyan President’s family claims ownership of Laico Regency Hotel-Nairobi

Laico Regency Hotel in Nairobi

Before he died in 2012, Ghaddafi is said to have used the Oil Libya Consortium in Kenya to invest in real estate and readily paid for the 5-star hotel at Kshs. 500 million

By The Weekly Vision Online

The family of the late Libyan strongman Muammar Ghaddafi is pushing to take back ownership of the Grand Regency renamed Laico Regency Hotel in Nairobi from a consortium of Tripoli-based oil firms, sources have revealed.

According to the sources, the CBK took ownership of the hotel from the controversial Kenyan businessman Kamlesh Pattnis over the Goldenberg scam of the 1990s.

The CBK then put the hotel under receivership before later selling it to Libyan investors linked to the late Ghaddafi. Mr Pattni’s stay court orders freezing the transaction were time-barred but a fresh application purports to put aside the sale “until fresh developments are heard and determined.”

The late Muammar Ghaddafi

Before he died in 2012, Ghaddafi is said to have used the Oil Libya consortium in Kenya to invest in real estate and readily paid for the 5-star hotel at Kshs. 500 million. But businessman Kamlesh Pattni has opposed the sale challenging CBK in court with wrangles also raging over the parking space that overlies the hotel which is also claimed by the NSSF.

Mr Pattni then based at View Park Towers faced a gold export compensation scam in court that raged for more than 20 years. He is said to have received billions of shillings from the Kenyan taxpayer. The scam sucked in the Libyans after Mr Pattni organised “African elders” to visit Tripoli where they were hosted by Ghadaffi and during which business deals were hatched.

Mr Pattni later used the Tripoli visit to his advantage as Oil Libya took over petrol stations in Nairobi acquiring a major stake in the petroleum industry. The Libyan Embassy has kept assuring CBK that the acquisition of the five-star hotel was above board and defended “Libyan investors” with links to Ghaddafi.

According to the latest sources, CBK seeks a major move in closing cases over the Goldenberg, to re-acquire the hotel and run it until “all the money lost in the scandal is recovered” according to sources at the bank that did not want to be named.

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