Tuesday, July 1, 2008

The larceny perfected

New twist in hotel saga

Published on July 1, 2008, 12:00 am

By Standard Team

The Grand Regency Hotel sale saga took a new twist as it emerged that the hotel changed hands at Sh1.85 billion and not Sh2.9 billion as claimed by the beleaguered Finance Minister Amos Kimunya.

The Minister for Lands James Orengo made the revelations late at a news conference, even as Prime Minister Raila Odinga and Kimunya, who is at the centre of the storm over the controversial sale of the hotel, remained locked up in a meeting at Treasury building in Nairobi.

Read the rest of the story here.

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