Uchumi sinks- People need to start going to jail

[gout]

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Unless these boardroom suit thugs start going to jail over these outright thefts, fraud and criminal acts no public enterprise will be standing; taxpayers bailouts are just dinner invitations ... Mumias, KQ, Telkom, Panpaper.......

http://www.nation.co.ke/business/Uchumi-shutdown-imminent-as-law-to-save-it-came-late/-/996/3257250/-/14hpmx2z/-/index.html

[Kadudu]

 
Will never happen. This is Kenya and soon these thieves will be contesting for elective post.

[RV Pundit]

This is alarmist news. The San Giorgi are owed 53,106,754 -which Uchumi should be able to repay.

[Georgesoros]

It is a very sad thing. People got very rich off the company, while the regular guy is getting screwed. We need lots of Njoroges cloned.
Why didnt Kirubi fix it? Since he is a businessman?
Also, how many jobs will be lost?

[gout]

The two suppliers and software developer Insync Solutions have filed an application in the High Court, seeking to be allowed to join the petition to liquidate Uchumi, which currently owes its suppliers over Sh3.6 billion.

http://www.nation.co.ke/business/Kenblest-Fresha-Uchumi-winding/-/996/3169998/-/yx5ojh/-/index.html

[RV Pundit]

Maybe time to cut the losses here. The fools who bought Uchumi share at NSE are being taken to cleaners.

[Simanova]

I think they send him to wreck these companies just like Moi used to send him. He has a whole graveyard of State Corporations on his conscience:

Chris Kirubi is the constant factor in the tribulations and deaths of these state firms:
1. KENATCO
2. Kenya Bus
3.ICDC, and now
4. Kenya Airways and
5. Uchumi

[Kadudu]

Not only state firms but also private firms like the Haco saga on the accounting.

http://www.habakwahaba.com/kirubi-blameless-in-haco-saga-tiger-brands/

In Kenya only the honest remain poor and should wait to be rewarded in the next world

I think they send him to wreck these companies just like Moi used to send him. He has a whole graveyard of State Corporations on his conscience:

Chris Kirubi is the constant factor in the tribulations and deaths of these state firms:
1. KENATCO
2. Kenya Bus
3.ICDC, and now
4. Kenya Airways and
5. Uchumi

[RV Pundit]

Yap Kirubu is con artist who should be in jail.