Widows of Murdered City Billionaire in Fierce Ksh5 Billion Battle
The family of Shahid Pervez Bhutt, a Mombasa tycoon is enmeshed in a fierce court battle over the control of his 5 billion estate.
Two months after Shahid's death, his second wife, Regine Bhutt moved to court and filed a succession case at the High Court.
In the court case, the widow mentioned Shahid's first wife, Akhtar Bhutt and her son Haroon Bhutt as interested parties.
The tycoon who owned Modern Coast Express Limited was shot dead on July 2014 in Changamwe, Mombasa.
In June 2014, the Mombasa billionaire had appeared in court for the hearing of a terror-related case where he was accused of funding and radicalization of Muslim youths in Mombasa.
Assets listed in the petition filed by Shahids the second wife include shares in the family businesses Modern Coast Express Limited, Vintage Road Transporters, Blue Bell Properties and a number of parcels of land.
Shahid's youngest widow in her suit argued that she and her two children were legal dependants and beneficiaries of the deceased tycoons' estate and that they were entitled to administration letters of the estate.
Regine, the youngest widow, sought a court order in which she wanted financial institutions to issue her with statements of accounts of her late husband for purposes of accounting for his assets.
Regine also wanted to be paid Ksh1.5 million monthly from the bank accounts and proceeds from the profits of the family businesses.
In her petition, Regine also wanted the court to issue an order where Ksh1.05 million would be paid to her annually for the purpose of paying school fees for her children.
A three-judge bench that comprised of Justices Njoki Mwangi, Eric Ogola and Patrick Otieno directed parties to file their affidavits and written submissions within 30 days.
However, through lawyer Charles Agwara, they tycoons eldest widow and her son Haroon told the court that they prefer oral submissions.
The lawyers of Regine argued that leters of administration were issued with the participation of the interested parties (Haroon and the tycoon's eldest wife).
“The nature of the estate includes buses and vehicles, which are depreciating in value, and if delay is
permitted, there will be no estate to distribute,” Regine's lawyers told the court.
The next hearing of the case will be heard on Thursday, November 7.
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