The sports category has moved to a new website.
ADVERTISEMENT

How Rai’s wealthy grandson lost Sh30 million yesterday

Expensive sports played by rich Kenyans!

___9118177___2018___11___19___9___rai+family

From the patriarch Tarlochan Singh Rai, the Rai family has built one of the most expansive family businesses with companies such as West Kenya Sugar (which owns Kabras Sugar), Timsales Limited, Menengai Oil Refineries, RaiPly, and Webuye Panpaper.

While the Rais work hard, they also unwind in style as they are common figures in the capital-intensive rallying business.

ADVERTISEMENT

On Sunday, Rai’s grandson Amaanraj Rai was involved in an accident that burnt down his rally car burnt down to ashes at the Guru Nanak Rally held in Machakos.

Rai was driving a Ford Fiesta R5, a high performing rally car that has costs about Sh30 million to buy and ship to Kenya.

Amaanraj and his navigator, however, escaped without injuries.

ADVERTISEMENT

A spot check by Pulselive.co.ke revealed the Ford Fiesta R5 costs about Sh22 million before shipping and custom duty is paid.

To ship and clear the car with the KRA customs departments would cost about Sh10 million meaning the car fetches for at least Sh32 million before any modifications are done.

Local insurance companies do not insure rally cars for damages (third party insurance is available though) given the high risk, meaning the motoring enthusiast lost his entire investment in a matter of minutes.

Rai is the son of Sarbjit Rai, one of the  greatest Kenya rally drivers in the 1980's.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Military benefits Kenya will enjoy after recognition as a non-NATO ally by U.S.

Military benefits Kenya will enjoy after recognition as a non-NATO ally by U.S.

DCI bust 3 Kenyans cocaine valued at Sh27.5 million & several air tickets

DCI bust 3 Kenyans cocaine valued at Sh27.5 million & several air tickets

Ruto jets back, clarifies cost of U.S. trip as Gachagua breathes fire on his allies

Ruto jets back, clarifies cost of U.S. trip as Gachagua breathes fire on his allies

Ruto assigns CDF Kahariri more roles in latest appointments

Ruto assigns CDF Kahariri more roles in latest appointments

The late mountaineer Cheruiyot Kirui honoured with 'Cheruiyot Point' on Mt Everest

The late mountaineer Cheruiyot Kirui honoured with 'Cheruiyot Point' on Mt Everest

How 5 governors reacted after meeting U.S. Vice President, Kamala Harris

How 5 governors reacted after meeting U.S. Vice President, Kamala Harris

5 dead, scores injured in Nakuru-Eldoret highway accident

5 dead, scores injured in Nakuru-Eldoret highway accident

Diaspora PS Roseline Njogu honoured as honorary Georgia citizen

Diaspora PS Roseline Njogu honoured as honorary Georgia citizen

Ruto reveals timeline for deployment of police officers to Haiti

Ruto reveals timeline for deployment of police officers to Haiti

ADVERTISEMENT