No, businessman Jaswant Rai has no intentions of shutting down his group of companies in Kenya and relocating elsewhere.
Based on a phone call we initiated and a subsequent press release issued by West Kenya Sugar Company, it has been officially verified that the circulating information on various social media platforms is indeed misinformation. This confirmation pertains to Kabras Sugar, a subsidiary of the esteemed Rai group of companies.
Kenyan billionaire businessman and Chairman of the Rai Group, Jaswant Singh Rai, is planning to close his companies in Kenya and relocate elsewhere.
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.