CMC Di Ravenna: Italian firm in dams scandal loses assets

Auctioneers carted away the equipment and machinery from the firm’s yard within Molo Forest. [Kennedy Gachuhi, Standard]

Financiers have placed dozens of machinery and motor vehicles belonging to the Italian firm behind the multi-billion-shilling dams scandal up for sale.

Phillips International Auctioneers has invited bids for 67 of machinery and vehicles, including pick-up trucks, cement bulkers, fuel and water bowsers, tippers, prime movers, cranes and other construction machines belonging to CMC Di Ravenna.