Uchumi obtains Ksh500 million to pay suppliers
34 views · Published 7 July 2015 · 2:23 · Indexed 6 November 2026
Channel: KBC Channel 1 · 2015 · News & Politics
Troubled retalier Uchumi Supermarket has hired the services of audit firm KPMG to conduct a thorough forensic audit on the books of the retailer. Last month the supermarket chain suspended chief executive Jonathan Ciano, Chief financial officer and human resource manager on suspicions of financial misappropriation. The company has also sourced financial firm Delloitte to recruit a new CEO as it seeks to close some of its branches and liquidate noncore assets to remain in operation Connect with KBC Online; Visit our Website - http://www.kbc.co.ke/ Follow KBC on Twitter - https://twitter.com/KBCChannel1 Find KBC on Facebook - https://www.facebook.com/kbcchannel1news/ Follow KBC on Instagram - https://www.instagram.com/kbcnews_/ #KBCNewsHour
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