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Witness says audit did not link former Chase Bank director to fraud

Chase Bank collapsed over alleged fraud in 2015. [File, Standard]

A witness has admitted before a Nairobi court that the audit report relied upon by the prosecution did not implicate one of the former Chase Bank directors in the alleged billion-shilling fraud that led to the lender’s collapse in 2015.

Auditor Fredrick Aloo, who appeared before Milimani Law Courts made the admission during cross-examination by defence lawyer Cecil Miller, who questioned whether the audit findings provided evidence of criminal wrongdoing against the accused.

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