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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The move comes years after the management had strenuously tried to manipulate the accounting books to show the business was sound.
Four hotels owned by the Kenya Red Cross have been placed under receivership over failure to repay loans owed to the struggling National Bank of Kenya.
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