Connect with us

Hi, what are you looking for?

Cyprian Is Nyakundi

News

Death at Laico Regency Hotel

Amos Kimunya sold Grand Regency to the Libyans in 2008. He got a lot of kickbacks from the illegal sale

Foreigners-filled Laico Regency hotel has always been in the news for all the wrong reasons.

The hotel formerly known as Grand Regency has its origins from one of the heists of our times, the Goldenberg Scandal. It exchanged its ownership to Libyans in 2008 after then Finance Minister and current Leader of Majority in Parliament Amos Kimunya sold it for a pittance.

Laico Regency was developed by Uhuru Highway Devt (at $100Mn), and acquired by Goldenberg beneficiaries

The COVID-19 pandemic has come with its fair share of pain, from layoffs, salary cuts and company’s shutting down. However, for Laico Regency, the case is a bit different. Staff complain of being overworked.

“Laico owes us money from 2017, they have sent some of the staff home, indefinitely”, a staff member who spoke to cnyakundi.com said.

The source says that the Hotel has not been remitting statutory deductions to the relevant bodies. The stress at work is also unbearable as one of the staff members collapsed and died at work due to high stress and complications from High blood pressure.

 


Would you like to get published on this Popular Blog? You can now email Cyprian Nyakundi any breaking news, Exposes, story ideas, human interest articles or interesting videos on: [email protected] Videos and pictures can be sent to +254 710 280 973 on WhatsApp, Signal and Telegram.


Comments

comments

 
Click to comment

Facebook

You May Also Like

Entertainment

In the wake of her ex-husband Eddie Ndichu’s assault scandal, fresh details have emerged on the culmination of events that led to the death...

Entertainment

In case you are not in the loop yet, a certain “Baba Gloria” is the latest trending topic on social media. The Tuesday afternoon...

News

Shocking news reaching the cnyakundi.com newsdesk is that at least 2 people have died on the spot after a bomb explosion rocked a food...

News

In a fresh twist to the Ndichu twins’ saga, the Office of the Director of Public Prosecutions (ODPP) has declined to charge the two...

Copyright © 2021 Cyprian Is Nyakundi.

%d bloggers like this: