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The Standard Group Plc is a
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An Italian firm at the centre of the multi-billion shillings’ dams’ scandal has denied reports that the company is bankrupt.
“Neither CMC di Ravenna or any of its subsidiaries have been declared bankrupt or insolvent. We remain absolutely committed to completing all the construction projects that are planned and underway in this country within the contracted timeframes,” the company said in an ad placed on the Standard Newspaper.
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