January 28, 2012
By ALEX KIPROTICH
Management, which had been suspended by the Industrialisation Minister Amason Kingi, was reinstated by the High Court, but operations are yet to resume because employees have refused to work with the reinstated staff.
The matter has taken a tribal dimension as a few workers sympathetic to the reinstated management and board led by board chairman Mark ole Karbolo and Managing Director Kepha Tande have resumed work, while others have downed their tools.
The reinstated team is determined to remain at the helm of the company despite investigations by the Efficient Monitoring Unit (EMU), which is carrying out a forensic audit on alleged malpractices.
Corruption through flawed procurement and board interference with procurement has cost the company billions of shillings, leading to decline in operational profits for the last two years despite increase in volume of sales. Documents in our possession show the money was lost through variations of prices, tender manipulation, over-payment of allowances to directors and board members and flawed procurement…Read more.