Flower firm Karuturi survives property seizure

Naivasha-based flower firm Karuturi Limited Monday got a reprieve when the High Court in Nakuru stopped auctioneers from seizing its property over a Sh500 million debt.

Justice Janet Mulwa issued a temporary injunction restraining Nasioki Auctioneers from taking custody of the property at the cash-strapped firm’s offices in Naivasha pending hearing and determination of a suit by a local tourist firm Crayfish Camp.