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Chaka		#11 Posted : Wednesday, March 17, 2010 12:01:58 PM
Rank: Elder Joined: 2/16/2007 Posts: 2,114		This is really pathetic...there are just too many scandals in this country due to the love of money which is the root of all evil. @VVS , If so, why has the ARM MD not come out to set the record straight ?
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Horton		#12 Posted : Wednesday, March 17, 2010 12:14:13 PM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		yeah this has to do with mukora employees...
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VituVingiSana		#13 Posted : Wednesday, March 17, 2010 12:17:43 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		@chaka - ARM's MD is in London for business/personal reasons... I am sure he is aware of the situation & will respond after he returns & investigates At least 3 other Kenyan CEOs were in London for an investment conference to promote their companies & Kenya. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#14 Posted : Wednesday, March 17, 2010 12:21:01 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		@BGL - What a load of crap!!! Subsidized fertilizer was destined to be stolen. I have written this earlier. Also firms like ARM suffer coz subsidies to IMPORTED fertilizer is wrong! Why not support local firms? ruto (& his friends like kibor) are crooks!!! I bet they are stealing as we speak... ARM is innocent. I am certain... lakini how can u control employees? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Fundaah		#15 Posted : Wednesday, March 17, 2010 12:34:54 PM
Rank: Elder Joined: 11/19/2008 Posts: 1,267		VVs 2 wrongs dont make a right ...if the politicians are stealing ,.. should public listed companies also steal from public (taxpayers/investors)? ...this is the line of thought that middle class should stop if we are to win war on graft.... ....will take MD political responsibility for the mess by the employees.... if what you are saying is true... Isaiah 65:17-Look! I am creating new heavens and a new earth, and no one will even think about the old ones anymore
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Wendz		#16 Posted : Wednesday, March 17, 2010 12:39:05 PM
Rank: Elder Joined: 6/19/2008 Posts: 4,268		@VVS You sound like a shareholder.... nevertheless, it doesnt sound convincing that these guys are clean... There is absolutely no way a bunch of low profile employees would be having tonnes and tonnes of government fertilizer and packaging them on company gunias without anyone in the management knowing. Dont they have procedures on how inventory is received and dispatched out of their go-downs or factories? If we say the back lies with the minister when corruption under his docket is revealed, arent we applying double stands to clear this MD even if it was the "juniors" involved? it is in our laws of kenya that even if you bought a good, and that good happens to be stolen and you were not aware, you are still guilt of possession of stolen goods. The fertilizer wasnt in the employees' compounds.
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VituVingiSana		#17 Posted : Wednesday, March 17, 2010 1:22:54 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		@wendz @fundaah I am a shareholder. No double standards... 1) Employees of ARM should be fired if they are stealing from ARM. They cant be fired by ARM for stealing from GoK. It does not sound right but legally ARM would have a problem with COTU & unions... Unions dont let ARM fire employees even if they steal unless a 'package' is negotiated. 2) Of course, the MD has to know what is happening... BUT the point is being personalized from ARM to MD... The initial question/accusation was ARM was doing it... and it is not... 3) Unlike the MD for ARM (who owns 40%+ of ARM) the minister does not have any ownership of the ministries. 4) The MD can be removed by shareholders for under-performance by the Board &/or shareholders. kibaki never fires corrupt ministers. He appoints them too... Using the logic... shouldnt kibaki resign? (Erm, I think he should have...) Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#18 Posted : Wednesday, March 17, 2010 2:11:27 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		@wendz - Nonsense (in this specific case)... When u say tons & tons... how many tonnes? (Bulk) Fertilizer comes packed in 25kg or 50kg bags. So only 20 bags x 50kgs = 1 ton Even a Nissan or Toyota pickup can carry 1 ton... My point is that fertilizer is a low-value item (i.e. 1 kg is not 'expensive' when compared to many other goods) thus an ARM employee could easily buy (in collusion with NCPB or others) 5 tons (5 pickups) & use stolen Mavuno sacks. My point is that ARM Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#19 Posted : Wednesday, March 17, 2010 2:14:21 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		@wendz - What do u do for a living? Ati, 'control systems'... please these employees are Kenyans... who are almost as innovative in stealing as Nigerians... If u can fake Title Deeds, Passports, IDs... what is 're-packaging' using stolen sacks? These same Kenyans (I am acting like I am not one... LOL) steal electricity transformer oil, transformers, poles!!! So what is re-packaging? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Fundaah		#20 Posted : Wednesday, March 17, 2010 2:25:44 PM
Rank: Elder Joined: 11/19/2008 Posts: 1,267		So VVS ...you are totally defending this corrupt deal where tghe MD is aware that employees are stealing from the public (don't say Govt... govt doesnt pay taxes )....and next time you say Ruto Raila and Kibaki are corrupt ...think twice....You mean an employer cant fire an employee involved in criminal activity because of Trade Unions...come on VVS .I respect your contributions here but this one... !! dont let me down Isaiah 65:17-Look! I am creating new heavens and a new earth, and no one will even think about the old ones anymore
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