Royal Media Services Chairman Samwel Kamau Macharia lost control over his deceased son’s 1.2 billion estate after his 19-year-old grandson Adam Kamau won round one of their inheritance courts battle.
This is after the Billionaires rights to control his late son John Gichia’s wealth was stopped by the High Court judge Stella Mutuku pending a further hearing, and dtermination.
The media mogul had been administering the late son’s 1.2 billion estate left behind after the deadly car accident claimed his life nearly 3 years ago in 2018.
His grandson Adam Kamau Macharia now an adult sought the intervention of the courts noting that he is now an adult and therefore entitled to a portion of his father’s wealth.
“The circumstances dictate that this court relooks the issues of representation in this estate afresh and make appropriate orders after hearing the parties. It is also clear to me that as at the time the two grants were issued, the sole beneficiary was a minor,” Justice Mutuku ruled.
Adam Kamau Macharia was a minor of 16 years when the unfortunate accident that claimed the father’s life happened.
The case against the grandpa also revealed the nature of the business empire the late John had built over the years as an investor.
The late John left behind a collection of 9 high end cars, four motorbikes and five palatial homes spread across the Country in high end places.
Among the top cars owned by the deceased includes two Range Rovers, a Land Rover, Jaguar, Jeep, Porsche 911, BMW, Trailer and Land Rover Discovery.
His five residential homes were located in the leafy suburbs of Loresho, Kyuna Cresent, Kibarage and Mugumo all in Nairobi and yet another one in Nanyuki.
The complainant also went ahead to list the firms in which his father had shares as Directline Insurance, Serenity Media Productions Ltd, Big Five Conservancy, Bushfire Media Distributors, Toi Redevelopment and Harbour Capital Ltd.
The shares were eld under the name AKM to which he argued were the initials of his names Adam Kamau Macharia.
Directline Insurance company would then claim the Loresho home together with 8 of the high- end cars noting that they were bought using company funds and wanted them repossessed.
The grandfather in his defense accused the grandson of acting on outside advise noting that he was being used by his opponents in the case.
“He is being used by my opponents in litigation (reference was made to other disputes pending in other courts). Adam is acting on mistaken belief that his late father, had proprietary interests in the assets of Directline Assurance Company Ltd in which his company AKM Investment Ltd was a shareholder,” argued Macharia.