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Former Uchumi top managers on the spot over Sh1bn cover-up

Uchumi Supermarkets store in Kisumu. PHOTO | FILE

The revelation that Uchumi Supermarkets manipulated financial statements to the tune of Sh1.04 billion has put former senior managers including ex-chief executive Jonathan Ciano on the spot.

The listed supermarket chain on Saturday announced that the former management had cooked books to prop up earnings, giving a false picture of Uchumi’s financial position.

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