The involvement of Vertox Resources has intensified the rivalry between Jaswant Rai’s West Kenya Sugar and Sarbit Rai’s Sarrai Group.
Sarrai Group, which has been running the milling operations, offered Sh20 million per month for the plants, while West Kenya Sugar bid Sh150 million.
President William Ruto has given Ksh150 million bonus for sugar farmers who have supplied cane to Kakamega’s Mumias Sugar Factory, the first such payment in the sector.
The Court of Appeal has dismissed a petition by former Nairobi Governor Dr. Evans Kidero seeking to prevent the Ethics and Anti-Corruption Commission (EACC) from investigating his bank accounts. The decision, delivered by Justices Daniel Musinga, Asike Makhandia, and Patrick Kiage on Friday, September 20, 2024, clears the way for the EACC to proceed with […]
The Directorate of Criminal Investigations (DCI) officers from the banking fraud unit have arrested Yogesh Pattni the CEO of Victoria Commercial Bank over what multiple sources attribute to money laundering allegations. The arrest of Pattni comes just a day after Sugar Baron Jaswant Rai was abducted and released by unknown men in the Kilimani area […]
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 […]
The desperation of Uganda-based Sarrai Group senior executives to avoid a possible 6-month jail term sentencing has landed them in even more trouble after their dirty trick was bursted by the Court of Appeal. They were taken out of hearing list last week after a bench of three Appellate court judges discovered that they dishonestly […]
The receiver-manager of the troubled Mumias Sugar Company Mr. Ponangipalli Venkata Ramana Rao risks a six month jail term or a Sh500,000 fine for trashing Senate summonses. Rao has failed to honour more than three summonses by the Senate Committee on Agriculture, Livestock and Fisheries over the leasing of the Kakamega based sugar company. The senate […]
Until recently when the hell broke lose over the Mumias Sugar Company’s purported revival, Narendra Raval aka Guru as he’s known in his circles for his prowess to cut deals and come up with genius business ideas that have placed him amongst richest people in Kenya, Raval was just a wealthy businessman with a clean […]
An activist has moved to court seeking temporarily suspend a directive by Senate to Mumias Sugar Company receiver manager Ponangipalli Venkata Ramana Rao from inviting bids from investors to salvage the troubled miller. “The matter is extremely urgent since the on June 9, 2021 or thereabouts, the Senate’s Agriculture Committee looking into the affairs of […]
Kenyan Association of Sugar and Allied Products (KASAP) reads mischief in plans by Mumias Sugar Company Receiver Manager to lease the troubled miller. According to KASAP National Secretary Peter Ondima the bidding process to find a suitable lessee ought to have been advertised and evaluation of all bidders done in an open and transparent manner. […]
