Uchumi sends Ciano packing as it launches forensic audit

Uchumi Supermarkets’ board has let go of chief executive Jonathan Ciano even as it opened a forensic audit into the cash flow problems that have in recent weeks left the retail chain with empty shelves.

The board said it had sent Mr Ciano and the chief finance officer, Chadwick Omondi Okumu, packing for “gross misconduct and gross negligence” that has left the listed retailer owing suppliers Sh1 billion.