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Mumias sugar takeover now takes another twist

MumiasSugar2412
MumiasSugar2412

What you need to know:

  • Officials of a Ugandan company, which bagged the multibillion shilling leasing tender for Mumias Sugar Company now risk the slammer after an application for contempt was filed against them.
  • Tumaz & Tumaz Enteprises moved to court on Thursday accusing Mr Sarbjit Rai, the owner of Sarrai Group, Rakesh Kumar Bvats (manager) and KCB Group appointed receiver manager Ponangipalli Rao of disobeying a court directive.
  • The lease was suspended on December 29, pending determination of a petition filed by Tumaz & Tumaz, which claims the bidding was marred with fraud, mistakes and illegalities.

Officials of a Ugandan company, which bagged the multibillion shilling leasing tender for Mumias Sugar Company now risk the slammer after an application for contempt was filed against them, for starting work despite a court order stopping the process.

Tumaz & Tumaz Enteprises moved to court on Thursday accusing Mr Sarbjit Rai, the owner of Sarrai Group, Rakesh Kumar Bvats (manager) and KCB Group appointed receiver manager Ponangipalli Rao of disobeying a court directive, which froze the 20-year deal.