The High Court on Thursday heard that the KCB #ticker:KCB receiver-manager settled on Sarrai Group for the lease of Mumias Sugar Company because the Uganda-based company proved that it had the technical capability to revive the ailing miller.
Mr PVR Rao, the administrator of Mumias Sugar, told the High Court that it is not correct to assume that the highest financial bid should have won the 20-year lease, but he had to consider the technical aspects, besides the financial proposal.
