Karuturi Global Ltd

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Calls to end Africa's 'horrific' land deals after Indian firm's fallout
- Reuters
- 28 Nov 2017
Sai Ramakrishna Karuturi tells Reuters that the governments of India and Ethiopia are working to “amicably resolve outstanding Karuturi issues”.
No diplomatic immunity to Consul when consulate and private business operate in same premses, says HC
- The Hindu
- 20 Nov 2017
High Court says Karuturi's Honorary Consul of Ethiopia status does not provide immunity from tax authorities and says he violated the sanctity of the consulate by carrying on his other business activities on the premises.
Indian lender finally puts Karuturi on the market
- The Standard
- 13 Oct 2017
ICICI Bank has put Naivasha-based Karuturi Ltd up for sale over a disputed Sh4 billion loan. The planned sale could mark the end for the erstwhile world’s largest rose flower producer.
Karuturi contemplates legal recourse for loss in Ethiopia
- The Reporter
- 02 Oct 2017
Claiming to have made an investment of US$75M and created 4000 jobs, Karuturi is not only appealing for the release or re-export of its properties but to sue Ethiopian officials hereferred to as “responsible” for violations of rights of a foreign entity.
Karuturi exige une compensation de l’Éthiopie pour une affaire foncière ratée
- Bloomberg
- 21 Sep 2017
La multinationale annonce son intention de sortir du pays suite à l’annulation de son allocation de terres. Karuturi est l’un des premiers investisseurs étrangers à louer des terres en Éthiopie.
Karuturi demands compensation from Ethiopia for failed land deal
- Bloomberg
- 21 Sep 2017
Karuturi Global Ltd., an Indian flower grower, demanded compensation from the Ethiopian government for a series of failed land deals as it prepares to exit the Horn of Africa nation.
Karuturi pide indemnización a Etiopía por un negocio sobre tierras fallido
- Bloomberg
- 21 Sep 2017
La empresa planea salir del país después de que se cancelara su asignación de tierras. Karuturi fue uno de los primeros inversores extranjeros en arrendar tierras en Etiopía.
Kenya: Tourist firm Crayfish sues Twiga Roses over unpaid debt
- Nation
- 21 Jul 2017
A Naivasha company has sued the cash-strapped flower firm Twiga Roses, formerly Karuturi Limited, seeking to eject it from its land over unpaid land rent and illegal acquisition.
Bank allowed to revive Sh4bn claim against Karuturi
- Business Daily
- 09 Jul 2017
Kenya's Court of Appeal has opened the door for Indian bank ICICI to revive its plans to sell Karuturi’s land in Naivasha valued at $80 million to recover loans extended to the flower firm
Kenya: No Valentine’s Day rose from Karuturi flower farm, again
- The Nation
- 14 Feb 2017
Three years later after going into receivership, hopes of revival are a withering prospect and hundreds of families that once formed a thriving community revolving around the Naivasha-based company are living in squalor.
New liquidator takes charge of giant Karuturi flower farm
- The Star
- 15 Sep 2016
The process of selling off the largest flower farm in Naivasha, Karuturi, has kicked off, with a new liquidator moving in.
High Court gives creditors go-ahead to wind up Karuturi
- Business Daily
- 20 Jul 2016
Kenya's High Court has given creditors of the collapsed Karuturi Limited a go-ahead to begin the winding up of the once vibrant flower firm.

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