No, businessman Jaswant Rai has no intentions of shutting down his group of companies in Kenya and relocating elsewhere.

Claim

Kenyan billionaire businessman and Chairman of the Rai Group, Jaswant Singh Rai, is planning to close his companies in Kenya and relocate elsewhere.

Rating Justification

The iVerify Network of Fact-Checking Desks has fact-checked this content and established that it is False.

To arrive to this conclusion, the iVerify Network of Fact-Checking Desks has conducted the following process. recently encountered a press release issued on September 25, 2023, by Kabras Sugar Company. The release aimed to inform the public that the information circulating on social media platforms regarding the closure of Rai Group is not only misinformation but also falls within the realm of unhelpful propaganda. Furthermore, the release emphatically affirms that the Rai Group continues to be a vital and integral part of Kenya’s ongoing development agenda.

An analysis of Kabras Sugar’s X page has unveiled that the organization has posted statements asserting that the information disseminated to the public via social media platforms is both inaccurate and misleading.

On Monday, we reached out to the Rai Group organization, and they promptly refuted the allegations.

Evidence and References

Post on X by Kabras Sugar

Methodology

True

The claim is rigorous and the content is demonstrably true.

Half True

The statement is correct, although it needs clarification additional information or context.

Unproven

Evidence publicly available neither proves nor disproves the claim. More research is needed.

Misleading

The statement contains correct data, but ignores very important elements or is mixed with incorrect data giving a different, inaccurate or false impression.

False

The claim is inaccurate according to the best evidence publicly available at this time.

Retraction

Upon further investigation of the claim, a different conclusion was determined leading to the removal of the initial determination.

Toxic

A rude, disrespectful, or unreasonable comment that is somewhat likely to make you leave a discussion or give up on sharing your perspective. Based on algorithmic detection of issues around toxicity, obscenity, threats, insults, and hate speech;

Claim

Rating Justification

Evidence and References

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