Ousted KTDA officials say they will go back to office
By KNA, November 16, 2022Former KTDA officials from Mt Kenya region, who were ousted from office, have alleged that the current directors have drastically increased their expenses in many of the factories from between Sh8 million to Sh12 Million annually.
The officials led by Prof Johnson Kang’ethe and Francis Macharia claim the factories are now indebted to a tune of Sh18 billion following the unexplained expenses.
Speaking at a Murang’a hotel, the former Kenya Tea Development Agency Ltd (KTDA) officials hinted that they would be taking over the management of the tea processing facilities in a month’s time saying they have a court order which they claim allowed them to reoccupy their offices. “The tea factories that used to generate billions of shillings have now been run down by debts,” Kang’ethe said.
He added that the move will likely have them taken into receivership over the huge loans.
The officials alleged that more than Sh65 million had been spent by the factories to facilitate the forensic audit ordered by the former agriculture CS Peter Munya at Sh800,000 per factory.
“One of the factories is indebted to a tune of Sh400 million that was borrowed to assist in payment of the first bonus,” Kang’ethe stated and promised that when they take over the facilities they will help them get back control of the 69 tea factories.