Jaswant Rai: The sugar man loved and hated in equal measure

Sugar and cement billionaire Jaswant Rai. [File, Standard]

Abducted billionaire Jaswant Rai is arguably a man loved and loathed in equal measure.

From tales of an astute businessman to a controversial figure, Rai, whom insiders describe as a soft-spoken shrewd businessman, strict and a go-getter, has maintained a tight grip on the local sugar sub-sector.

Rai owns a chain of multi-billion-shilling businesses in Kenya, Uganda, and Tanzania.