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Nothing rosy for Karuturi as world marks lovers’ day

The management has fought vicious legal wars to rescue the farm, accusing receivers appointed by the bank of suppressing the sale, and has filed a counter-claim. FILE PHOTO | NMG

By  GALGALLO FAYO

As the world marks Valentine’s Day on Thursday, flower farm Karuturi owners are staring at losing their property after a long legal battle, unless they find ways of settling a Sh1.8 billion Stanbic Bank loan.

The management has fought vicious legal wars to rescue the farm, accusing receivers appointed by the bank of suppressing the sale, and has filed a counter-claim.

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