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Creditor seeks audit of Mumias Sugar accounts

Mumias Sugar Company

Mumias Sugar Company.

Photo credit: File | Nation Media Group

A creditor has filed an application seeking to inspect Mumias Sugar Company’s financial accounts.

Lawyer Jackline Kimeto, whom the sugar miller owes Sh76 million, wants a forensic audit of the struggling firm’s accounts on claims that its receiver manager Pongangipalli Venkata Ramana Rao had failed to comply with provisions of the Insolvency Act.