Oparanya tells receiver Rao to ignore Senate on Mumias leasing - News Summed Up

Oparanya tells receiver Rao to ignore Senate on Mumias leasing


Kakamega Governor Wycliffe Oparanya wants the receiver manager of Mumias Sugar Company to ignore Senate's call on the leasing of the firm and hand it to an investor of his choice. He said the position taken by the Senate Standing Committee on Agriculture cannot stop the process since a binding position can only come from the full Senate. On Wednesday, the Senate Standing Committee on Agriculture asked the receiver manager at the troubled miller, Ponangipalli Venkata Ramana Rao, to conduct the leasing in a transparent manner. Rao, who was before the Senate team, said the process of picking an investor was not complete. But the governor said that KCB, the lead creditors' consortium, was not selling the company but leasing it out.


Source: The Star June 13, 2021 19:18 UTC



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