Multiple Hauliers
- Thread starter Mwalimu-G
- Start date
kingolonde
Elder Lister
Having been to their sprawling yard and seen the magnitude of the business, hata mimi am at a loss
the maths not mathing, 15 creditors only, hebu tugojee majina zao.
the bigger they are ...
Karma, kumbuka hii kambuni alinyanganyana initially.
and theres more.
Multiple Hauliers Co-Founder Suffering From Dementia after Losing Company to Partners, Son Speaks Wednesday, March 16, 2022 at 4:29 PM by Hillary Lisimba The son of Multiple Hauliers co-founder Njenga Kariuki has revealed that his father is struggling with dementia According to Duncan Mungai, the businessman's mental state was disturbed after his Indian partners allegedly threw him out of the company Recent details show that the logistics company is facing cash flow challenges and is tittering on the brink of insolvency Pay attention: Become TUKO.co.ke ambassador – get a branded T-shirt, hoodie or water bottle at our TUKO Shop! Duncan Mungai Kariuki, the son of Multiple Hauliers co-founder Njenga Kariuki Mungai has revealed that his family is going through mental anguish. Njenga Kariuki Mungai has always accused his Indian partners of wrestling the company away from him. Photos: NMG. Source: UGC The company, which was founded in December 1976 has grown over the years into one of the biggest hauliers in the region. Details indicate that three Indians Rajinder Singh Baryan, Amrik Singh Heer, and Tarlochan Singh Heer joined forces to start the company but needed a Kenyan partner for it to be registered. READ ALSO E-Sir Tribute: 10 Nostalgic Photos of Moss Moss Hitmaker 19 Years After Demise That is how they roped in Mungai, a millionaire coffee trader who possessed financial knowledge and already owned 12 trailers and trucks. Do you have a groundbreaking story you would like us to publish? Please reach us through [email protected] or WhatsApp: 0732482690. Less than a decade since the company started operations, the distressed man claims that the foreign partners hatched a plan that threw him out of the entity he had helped start. Dad is suffering from dementia In an exclusive interview with TUKO.co.ke, Kariuki disclosed that efforts by his father to jostle his way back into the company hit a snag when the lawyer who was handling the case walked out on him. "We accepted albeit with so much pain that we almost lost it. As we speak, my dad is suffering dementia because of what happened," he told Hillary Lisimba. Kariuki added that the change of fortunes dealt them a blow as even schooling became a problem for him and his siblings. READ ALSO Kakwenza Rukirabashaija: Exiled Ugandan Author Says Rumors About His Death Disturbed Family Their would-be fallback plan, the Jasho soap factory, went under because he had no top-up capital to keep operations alive. "His trailers were forfeited by the Asian partners so the banks came for anything that he owned including our house in Karen," Kariuki lamented. Pains them to see the trucks According to the scion, the partners tried to buy his old man's silence in 2003 by gifting him a brand new Toyota Landcruiser pick up and a farm in Voi for gemstones. Kariuki says that not long after, the pickup disappeared mysteriously only for it to resurface with a pastor along Thika Road. "We have never understood how the transfer was done but at the moment I am following up on the Voi farm, only that my funds are limited," he continued. His biggest source of agony, he says, is running into Multiple Hauliers trucks knowing they once had a stake but are now powerless and penniless. READ ALSO Genius Boy who Built Replica of Overhead Bridge Gets US Scholarship, His Mum Gets KSh 275k, Dad a Job Multiple Hauliers faces auction In an unexpected turn of events, the logistics firm was recently in the news over claims of insolvency and imminent auction. This is after the once blue-chip company found itself struggling with unpaid debt running into billions from different creditors who are threatening to auction its assets. Daily Nation reports that at the moment, the company has been operating under court injunctions meant to stop the creditors from sinking it into extinction. Read more: https://www.tuko.co.ke/people/famil...t-mogul-says-his-dads-company-was-taken-away/
Multiple Hauliers Co-Founder Suffering From Dementia after Losing Company to Partners, Son Speaks Wednesday, March 16, 2022 at 4:29 PM by Hillary Lisimba The son of Multiple Hauliers co-founder Njenga Kariuki has revealed that his father is struggling with dementia According to Duncan Mungai, the businessman's mental state was disturbed after his Indian partners allegedly threw him out of the company Recent details show that the logistics company is facing cash flow challenges and is tittering on the brink of insolvency Pay attention: Become TUKO.co.ke ambassador – get a branded T-shirt, hoodie or water bottle at our TUKO Shop! Duncan Mungai Kariuki, the son of Multiple Hauliers co-founder Njenga Kariuki Mungai has revealed that his family is going through mental anguish. Njenga Kariuki Mungai has always accused his Indian partners of wrestling the company away from him. Photos: NMG. Source: UGC The company, which was founded in December 1976 has grown over the years into one of the biggest hauliers in the region. Details indicate that three Indians Rajinder Singh Baryan, Amrik Singh Heer, and Tarlochan Singh Heer joined forces to start the company but needed a Kenyan partner for it to be registered. READ ALSO E-Sir Tribute: 10 Nostalgic Photos of Moss Moss Hitmaker 19 Years After Demise That is how they roped in Mungai, a millionaire coffee trader who possessed financial knowledge and already owned 12 trailers and trucks. Do you have a groundbreaking story you would like us to publish? Please reach us through [email protected] or WhatsApp: 0732482690. Less than a decade since the company started operations, the distressed man claims that the foreign partners hatched a plan that threw him out of the entity he had helped start. Dad is suffering from dementia In an exclusive interview with TUKO.co.ke, Kariuki disclosed that efforts by his father to jostle his way back into the company hit a snag when the lawyer who was handling the case walked out on him. "We accepted albeit with so much pain that we almost lost it. As we speak, my dad is suffering dementia because of what happened," he told Hillary Lisimba. Kariuki added that the change of fortunes dealt them a blow as even schooling became a problem for him and his siblings. READ ALSO Kakwenza Rukirabashaija: Exiled Ugandan Author Says Rumors About His Death Disturbed Family Their would-be fallback plan, the Jasho soap factory, went under because he had no top-up capital to keep operations alive. "His trailers were forfeited by the Asian partners so the banks came for anything that he owned including our house in Karen," Kariuki lamented. Pains them to see the trucks According to the scion, the partners tried to buy his old man's silence in 2003 by gifting him a brand new Toyota Landcruiser pick up and a farm in Voi for gemstones. Kariuki says that not long after, the pickup disappeared mysteriously only for it to resurface with a pastor along Thika Road. "We have never understood how the transfer was done but at the moment I am following up on the Voi farm, only that my funds are limited," he continued. His biggest source of agony, he says, is running into Multiple Hauliers trucks knowing they once had a stake but are now powerless and penniless. READ ALSO Genius Boy who Built Replica of Overhead Bridge Gets US Scholarship, His Mum Gets KSh 275k, Dad a Job Multiple Hauliers faces auction In an unexpected turn of events, the logistics firm was recently in the news over claims of insolvency and imminent auction. This is after the once blue-chip company found itself struggling with unpaid debt running into billions from different creditors who are threatening to auction its assets. Daily Nation reports that at the moment, the company has been operating under court injunctions meant to stop the creditors from sinking it into extinction. Read more: https://www.tuko.co.ke/people/famil...t-mogul-says-his-dads-company-was-taken-away/
Cortedivoire
Elder Lister
Multiple hauliers made a mistake of entry into luxury car business by acquiring Bentley and Porsche Kenyan franchise. They paid the franchise fee with loans and yet the cars sales are slow moving. The franchise rights were bought by Simba colt. Remaining with debts and no franchise
Maybe it was a scam to fleece Multiple H, then sell it to one of their friends.
zapp_brannigan
I am not a Futurama fan .
Maybe they thought pesa ya power brokers ,governor's and wash wash would be make them survive.What they didn't know is that the guys I have listed want something big and boxy not classy - Landcruiser 200 or facelifted Prado .