×
App Icon
The Standard e-Paper
Smart Minds Choose Us
★★★★ - on Play Store
Download App

Mumias Sugar Company board sacks CEO, Commercial Director over Sh1.1b loss

Mumias Sugar Company board sacks CEO, Commercial Director over Sh1.1b loss
 Peter Kibati.

Kenya: Mumias Sugar Company has sacked the Chief Executive Peter Kibati and Commercial Director Paul Murgor. This after an audit report by KPMG found them responsible for losses amounting to Sh1.1 billion, arising from the importation of sugar without the board’s approval.

Board Chairman Dan Ameyo in a signed statement send to newsrooms Monday, said the decision was taken out of growing concerns over the miller’s sugar sales and distribution chain.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Support Independent Journalism

Stand With Bold Journalism.
Stand With The Standard.

Journalism can't be free because the truth demands investment. At The Standard, we invest time, courage and skills to bring you accurate, factual and impactful stories. Subscribe today and stand with us in the pursuit of credible journalism.

Pay via
M - PESA
VISA
Airtel Money
Secure Payment Kenya's most trusted newsroom since 1902