"Central Bank of Kenya seeks answers about Karuturi saga"

CFC Stanbic bank has been asked to explain a debt it is owed by struggling Naivasha-based Karuturi flower farm.

The Central Bank of Kenya (CBK) wants Stanbic to address the issue of the over 3,000 Karuturi workers who were laid off when the farm went under.

The workers petitioned CBK over the operations of Stanbic, which they said put the flower farm in receivership four years ago.

In a letter that is also addressed to the National Treasury, Ethics and Anti-corruption Commission and the Kenya Plantation and Agricultural Workers Union, the workers wanted the conduct of the bank and its receiver managers probed over alleged financial malpractices.

Read more at The Standard (Antony Gitonga)


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