×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Read on the App

We learnt of Sh370m penalty after account freeze, says Chinese firm

A truck ferrying murram along the Kakamega-Kisumu road. [File, Standard]

A Chinese construction company has said it only learnt of a case where it had been fined Sh370 million for encroachment and illegal extraction of murram when its accounts were frozen.

SinoHydro, which specialises in mega infrastructure jobs in the energy and transport industry, said it was surprised when its accounts at Equity and KCB were frozen over an "unknown" land encroachment case.

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