The looming sale of Mr Mureithi’s empire is expected to raise Sh1.7 billion [17 million USD] to settle loans owed to a local bank, according to Garam Investments Auctioneers.
The auctioneer’s hammer is expected to fall on the prime commercial farming empire, mostly located near the Nyahururu airstrip, on August 23, dealing the former Olkalau MP a heavy blow.
He retreated to farming since 2013 when he failed to recapture his parliamentary seat.
The list of property earmarked for sale includes residential houses and office buildings, greenhouses with horticultural crops, water pans and cold rooms.
The former MP’s 89-acre prime agricultural land on the Nyahururu-Ol Kalou Road is also targeted for sale in what is arguably one of the biggest insolvencies in Kenya’s flower farming sector.