Fintrade Capital: Sameer Group Denies Sugar Importation Links

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Wednesday, February 21, 2007

Sameer Group Denies Sugar Importation Links

Sameer group denies reports of involvement in sugar importation
Written By:Stanley Wabomba , Posted: Wed, Feb 21, 2007
http://www.kbc.co.ke/story.asp?ID=41051

Sameer Group chairman Naushad Merali Wednesday denied any of his company is engaging in sugar importation as reported by a section of the media.
Merali further denied filing a suit against the Kenya Sugar Board, the Kenya Revenue Authority and the Ministry of Finance, in connection with importation of sugar as reported by the media.
He said no subsidiary companies under the Sameer Group imports sugar nor deals with it. Sameer group's subsidiary companies include; Equatorial Commercial Bank, Sasini Tea and Coffee, Swift Global Kenya, Kenya Data Networks, Sameer Africa, Eveready East Africa, Celtel Kenya, Ryce East Africa, Sameer Industrial Park and H Young & Company East Africa.