Former Kesses MP Swarup Mishra faces a daunting crisis as his multibillion-shilling properties teeter on the edge of auction due to mounting debts. With Eshikoni Auctioneers poised to seize valuable assets from November 4 to 6, hope arrives unexpectedly.
President William Ruto recently announced the release of Sh3 billion to settle healthcare debts, offering a potential lifeline for Mishra.
As political tensions rise and financial woes deepen, Mishra seeks help from influential figures like Raila Odinga.
Will he manage to salvage his legacy, or will his assets fall into the hands of auctioneers? The stakes have never been higher.
Raila’s Efforts to Help Former Kesses MP Swarup Mishra
Former Kesses MP Swarup Mishra is facing another auction of his properties. The auction is set to happen from November 4 to November 6.
Luckily for him, President William Ruto recently announced that the government has released Sh3 billion to pay off debts to hospitals and other service providers. This decision may help Mishra avoid losing his multibillion-shilling investments.
Auctioneer Threatens Mishra’s Properties
Eshikoni Auctioneers is ready to seize various pieces of Mishra’s property due to unpaid debts. Mishra has reportedly sought help from ODM leader Raila Odinga to talk to President Ruto.
The National Health Insurance Fund (NHIF) reportedly owes Mishra’s Mediheal Hospitals billions of shillings in unpaid bills, which has led to dire financial issues for the hospital.
Recently, auctioneers seized ten vehicles from Mediheal Hospital in Nakuru, co-owned by Mishra. The vehicles were taken to settle a Sh40 million debt. Additionally, there is a pending court order for Sh13 million, which adds further pressure on Mishra.
Mediheal Hospital Faces Financial Troubles
Mediheal Hospital in Nakuru is struggling financially. The hospital closed last year after failing to pay its 17 doctors and several staff members. This hospital is part of the Mediheal Group, which is valued at around Sh30 billion.
Auctioneers are now targeting land linked to Mishra. Some of the pieces include parcels in the Kiambaa-Kesses Division and at Ngeria Centre, measuring between 0.2223 acres and about 10 acres.
Mishra served as Kesses MP in 2017 but lost his seat in 2022 to Julius Rutto, a newcomer from the UDA party. Mishra’s troubles began in late 2022 when Mediheal Hospital was removed from the NHIF list of approved facilities.
This exclusion, along with the teachers’ insurance scheme under Minet also pulling out, put significant stress on his business.
Allegations of Political Persecution
Many people suspect that Mishra is facing political persecution. After President Ruto won the election, he issued an apology to Mishra in September 2022. Mishra admitted he made a poor choice by supporting the opposition, citing a lack of wisdom in his decision.
On May 17, 2023, he officially joined the United Democratic Alliance (UDA). This move was marked by a warm reception from party officials, including former secretary general Cleopas Malala.
Word has it that Mishra fell victim to scams by influential political figures, including Kapseriet MP Oscar Sudi. These brokers allegedly convinced Mishra to invest millions in schemes to reconcile him with President Ruto.
Wrapping Up
Swarup Mishra is currently in a tough spot. However, the recent announcement from President Ruto has given him some hope. While he tries to save his properties, the future remains uncertain.
Mishra’s political shifts and financial troubles highlight the challenges faced by politicians who change allegiances.
With help from allies like Raila Odinga and the UDA, Mishra may find a way to recover from this crisis. But for now, the risk of losing his assets looms large.
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