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The Standard e-Paper
Informed Minds Prefer The Standard
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.
It is official. The Sh125million Fifa Forward funds the Football Kenya Federation (FKF) paid to WTS Media Group Ltd for a phantom OB van has disappeared into a black hole.
In a letter to creditors seen by Standard Sports, the receiver managers BDO LLP communicated the chilling truth to FKF thus: “We received a claim from you for the total of £928,508.65. As discussed, there were insufficient realisations made to enable a distribution to unsecured creditors in the Administration.”
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