A High Court ruling has intensified a bitter succession dispute among the heirs of the late industrialist Tarlochan Singh Rai, revealing deep fractures within one of East Africa’s most powerful business dynasties. Justice Alfred Mabeya’s decision to uphold the removal of Iqbal Singh Rai as a signatory to Rai Investments Limited’s bank account has effectively […]
The Sh15 billion in exemptions stems from a printing error in the Tax Laws (Amendment) Act, effective December 27, 2024, which allowed VAT waivers for investments over Sh2 billion.
Sarrai Group, which has been running the milling operations, offered Sh20 million per month for the plants, while West Kenya Sugar bid Sh150 million.
They carry themselves as manufacturers and distributors of baked goods throughout Kenya and lately Tanzania and Uganda. But behind the scenes are underground operations involving tax evasion running into billions of shillings in East Africa. Mini Bakers owners have invested in bakery production of Supa loaf and Akiyda. They are also in fertiliser production and […]
The Battle of who should managed Mumias Sugar Company pitying the Rai brothers Jaswant Singh Rai of Rai Group and Sarbjit Rai of Sarrai Group has taken an ugly twist with the former resorting to financing a smear campaign against the latter. It must be known that Jaswant has four Sugar Factories in Kenya namely […]
A secured creditor wants KCB appointed receiver manager Ramana Rao summoned over a report concerning the accounts of Mumias Sugar company, which he filed in court in January. Vartox Resources Inc, one of the creditors of the ailing miller says Rao should appear in court and explain the books of accounts of the miller for […]
In January 2017, a lavish wedding between Gavneet Chatthe and Rajbir Rai was celebrated at the Sarova Mara Game Camp within Maasai Mara. Several prominent businessmen and politicians attended the lavish invite-only ceremony, among them Deputy President William Ruto. Clearly, the Rai Family enjoys a cordial relationship with the DP. He, however, is neither the […]
