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The audit report further revealed that PPCK under declared rentable properties leased out to third parties including two state entities- Commodities Fund and Pest Control Board.
According to records at PPCK, the company collected Sh15 million in rent while a review of the rental properties by the audit team indicates the company could be collecting up to Sh29.8 million.
Interestingly, even with financial difficulties, PPCK undertook a re-evaluation of its assets at a cost of Sh14.5 million.
The former board has property spread across the country worth more than S billion.The scheme members led by their spokesperson Harun Tinga said it was wrong for PPCK to lease some of its properties while the scheme is in the process of being liquidated.
Kairo urged other licensed processing companies to partner with PPCK to improve on the quality of the planting materials.Related Storiesh614/7/2017
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