Pan Paper in SH9BN debt

• Audit shows how Indian managers left the company to sink in red ink and turned it into an economic disaster
• From bosses who double-paid themselves to shrinking raw material, a government audit shows how the Indian managers watched as the company withered

Their debt will thus not be satisfied and they are bound to push for more. This would trigger panic among the trade creditors who are owned Sh2.7 billion. A sale by short-term lenders would give KenolKobil justification to have the company assets sold to satisfy its debt.

wkangaru@nation.co.ke