×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Two Karuturi directors file suit against receivers over property

Two directors of the bankrupt Karuturi flower farm have moved to court accusing the company’s creditors and receiver managers of destruction of property. 

Anitha Karuturi and Sai Ramakrishna Karuturi told the court that Stanbic Bank and ICICI Bank colluded with the three receiver managers to demolish a property the two had been using as a wildlife and bird-watching lodge.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in