CBK seeks answers about Karuturi saga

Some of the former workers of Karuturi flower farm protest outside the offices of the institution which has since been closed down demanding their dues totaling over Sh200m. Over 2,500 workers were laid off after the Naivasha based farm was put under receivership due to a debt it owes CFC Bank.

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.