Karuturi, Indian agri-company under fire over allegations of fraud in Ethiopia
Karuturi Global Ltd., the world’s biggest producer of cut roses is under fire over allegations of fraud in Ethiopia.
A few months ago the Kenyan government has found this Indian agri-company guilty of tax evasion. Karuturi is expanding aggressively into large-scale agriculture, and has acquired long term rights to more than 300,000 hectares of fertile farmland in Ethiopia. However according to local newspaper, only 0.2 percent of the total 300,000 hectares of land has gone operational. For the last several years, intense conflicts have been emerged over the compensation, displacement and relocation of villagers and herders who lived on or grazed the lands.