Indian lender finally puts Karuturi on the market

Workers protest outside Karuturi Flower Farm over unpaid salaries in Naivasha in December 2014. The farm owes present and past workers about Sh217 million in unpaid dues. [File, Standard]

An Indian bank has put a multi-billion-shilling Kenyan flower farm up for sale over a disputed Sh4 billion loan.

The planned sale of Naivasha-based Karuturi Ltd could mark the end for the erstwhile world’s largest rose flower producer.