Ouko doubts KPA will recover Sh3bn held in Chase Bank
2 months ago, 3 Jan 18:56
Auditor-General Edward Ouko has raised doubts over whether Kenya Ports Authority (KPA) can recover Sh3 billion it deposited in Chase Bank four months before it was placed under receivership in April 2016. Mr Ouko said it remains unclear whether the KPA would recover the billions placed in fixed deposits as the Central Bank of Kenya seeks a buyer to revive the bank. “Under the circumstance, it is not possible to confirm recoverability of the short-term deposits totalling to Sh2,957,000,000 invest ...
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