"On the other side is Karuturi flower farms - it has also been taken away"
- Kenya Citizen TV
15 Nov 2020
Two directors of the bankrupt Karuturi flower farm have moved to court accusing the company’s creditors and receivers of destroying a property they had been using as a wildlife and bird-watching lodge for "high value" visitors
Too few investors knew the land; too many deals were crooked. Yet officials hint that the government wants to promote huge farms once more, this time by expanding wheat production to boost food security.
Dutch flower growers who dominate the flower farms in Kenya are being accused of avoiding taxation while proudly wearing the “fair trade” badge.
According to the Kerala press, Sai Ramakrishna Karuturi, managing director Karuturi Global Ltd, has been arrested for fraud.
Corporate Insolvency Resolution Process has been initiated against Bengaluru-based Karuturi Global, which owns large rose farm holdings in Kenya, Tanzania, Ethiopia, Pune and Bengaluru.
Birhanu Fikade of "The Reporter" sat down with Atkyelesh G.M. Persson (PhD) to learn about her findings on large scale FDI that failed to deliver the desired results in Ethiopia
Scholar and employee of the UN Economic Commission for Africa, Atkyelesh G.M. Persson, recommends that the government, private sector and academia further investigate the potential damages large scale farms have perpetrated in Ethiopia and beyond.
A 15,000-hectare concession awarded to Karuturi Global in Ethiopia’s Gambela region has left locals fearing their ancestral lands will be cleared for agribusiness once again by the Indian firm.
Una coalición de grupos hace un llamado urgente ante las autoridades de Etiopía y de India para que se cancele la concesión de nuevos contratos de arrendamiento de tierras a la compañía de agronegocios Karuturi Global.
En avril 2019, Karuturi Global a informé ses actionnaires qu'on lui avait "accordé 15 000 hectares de terrain pour des activités agricoles" à Gambella, mais le contrat de bail n'a toujours pas été délivré par les autorités compétentes
A diplomatic intervention by the Indian government and law suits filed by the company appear to have pushed Ethiopian authorities to backtrack and offer a new lease in the Gambella region, this time for 15,000 hectares.