Former Lugari MP Cyrus Jirongo. PHOTO | FILE
By BRIAN WASUNA, bwasuna@ke.nationmedia.com
In Summary
- CBK has placed Cyrus Jirongo’s Kuza Farms & Allied Limited under receivership alongside ...other companies that had defaulted on their loans at the time Dubai Bank was placed under statutory management.
- Mr Jirongo claims that the receivership is illegal, contesting the amount his firm allegedly borrowed from Dubai Bank.
- Kuza Farms was last year listed as one of Dubai Bank’s largest loan defaulters in an audit report done by Crowe Horwath.
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