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Mumias FY 2014
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Realtreaty
#441 Posted : Monday, April 20, 2015 8:29:45 AM
Rank: Elder


Joined: 8/16/2011
Posts: 2,260
Sad Sad Everything was stolen even baggasseSad Sad !!!!
Mumias suspends staff who diverted ethanol
The Board and Management plus the Audit firm may have done this together to defraud the Govt and investors thereby enriching themselves.
Why would govt surcharge 220 per litre of ethanol which cost 93 kes only making the price jump to 313 per litre. Is the Govt thieving also?
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streetwise
#442 Posted : Monday, April 20, 2015 8:56:31 AM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
It looks like every one who gets employed at MSC is a thief.

How does the emplyer pick these kind of people or he has a large pool of the same kind
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Pesa Nane
#443 Posted : Monday, April 20, 2015 10:39:12 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
streetwise wrote:
It looks like every one who gets employed at MSC is a thief.

How does the emplyer pick these kind of people or he has a large pool of the same kind

Thieves who never end up in jail!
Pesa Nane plans to be shilingi when he grows up.
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streetwise
#444 Posted : Monday, April 20, 2015 5:12:08 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
It's only poor thiefs who end up in jail. The rich thiefs pay for thier jail term with money.

In other terms when you are a poor thief you pay double for your sins.

1. The little money may be taken away

2. You spend years in jail , thus loosing the opportunity to
continue stealing.

The big thief can pay off the sins and get opportunity to steal more assurring him of ROI
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jerry
#445 Posted : Tuesday, April 21, 2015 9:03:25 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
streetwise wrote:
It's only poor thiefs who end up in jail. The rich thiefs pay for thier jail term with money.

In other terms when you are a poor thief you pay double for your sins.

1. The little money may be taken away

2. You spend years in jail , thus loosing the opportunity to
continue stealing.

The big thief can pay off the sins and get opportunity to steal more assurring him of ROI

loosing! A very common mistake.
The opposite of courage is not cowardice, it's conformity.
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jerry
#446 Posted : Tuesday, April 21, 2015 9:05:37 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
streetwise wrote:
It looks like every one
who gets employed at
MSC is a thief .
How does the emplyer
pick these kind of
people or he has a
large pool of the same
kind
..........................
I think it's a cultural issue, a culture of MSC which needs a dictator to root it out.
The opposite of courage is not cowardice, it's conformity.
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Realtreaty
#447 Posted : Tuesday, April 21, 2015 2:56:26 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,260
jerry wrote:
streetwise wrote:
It looks like every one
who gets employed at
MSC is a thief .
How does the emplyer
pick these kind of
people or he has a
large pool of the same
kind
..........................
I think it's a cultural issue, a culture of MSC which needs a dictator to root it out.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
The Relationship TREE is large and has been used to keep investors Dump.
Personal calls bill is very high as Uncle calls his Nephew, Niece. Dad calls a son in the mill wheel and daughter at the sales. The ORDER of the day. Theft a family thing at Mumias as the Name suggest----Nabongo King of Mumias Family
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Aardwolf
#448 Posted : Tuesday, April 21, 2015 3:40:55 PM
Rank: Hello


Joined: 4/20/2015
Posts: 8
Realtreaty wrote:
jerry wrote:
streetwise wrote:
It looks like every one
who gets employed at
MSC is a thief .
How does the emplyer
pick these kind of
people or he has a
large pool of the same
kind
..........................
I think it's a cultural issue, a culture of MSC which needs a dictator to root it out.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
The Relationship TREE is large and has been used to keep investors Dump.
Personal calls bill is very high as Uncle calls his Nephew, Niece. Dad calls a son in the mill wheel and daughter at the sales. The ORDER of the day. Theft a family thing at Mumias as the Name suggest----Nabongo King of Mumias Family


Is it so hard to figure out where these crooks stash their loot? I don't buy it that the management was solely responsible for taking the company to the cleaners. Though, with Kidero wielding his corruption ward every employee is likely to follow suit. With this culture and the backing of KUSPAW, I am confident employees are plotting new ways to milk MSC. I am closely watching this stock just to see how investors react to gross mismanagement and corruption at the NSE.
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streetwise
#449 Posted : Tuesday, April 21, 2015 4:04:00 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
I now understand.

No wonder when the Gok decided to rescue the company the locals ( i guess driven by the politicians) said their sons must be employed.

They would only allow outsiders to continue running the co. sickening
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osa2
#450 Posted : Tuesday, April 21, 2015 5:54:09 PM
Rank: New-farer


Joined: 2/5/2010
Posts: 54
Location: USA
I agree with @jerry I think it's a cultural issue. This is not isolated at MSC. As a society, we need redemption. We have come to accept taking what does not belong to us as a norm. This never used to be. That is why medicine or engineering is no longer the choice of our high school kids. Procurement, i am told, it the "King". Not because of pay, but because stealing has been institutionalized. Oh Lord have Mercy..

http://www.nation.co.ke/...73/-/11hrv52z/-/igah.jpg
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