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KUSCCO

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KUSCCO · LEAD

Sh13B KUSCCO Heist Takes New Twist: Presumed Dead Auditor Linked to Theft May Be Alive, Raising Doubts Over PwC Report’s Credibility

The Sh13 billion financial scandal at the Kenya Union of Savings and Credit Cooperatives (KUSCCO) has taken a dramatic turn, with revelations that Alfred Basweti, the external auditor presumed dead and whose signature was allegedly used to authorize fraudulent financial statements, may still be alive. This shocking development has cast a shadow over the credibility […]

Investigations
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KUSCCO Declared Insolvent After Audit With Sh12.5B Deficit

Kenya Union of Savings and Credit Cooperative Society’s (Kuscco) has been declared insolvent as investigations reveal the institution has a deficit of Sh12.5 billion. Yesterday, Kuscco’s interim board handed over a forensic report on the findings of the alleged mismanagement of funds at the institution after carrying out thorough investigations. Co-operatives and Small and Medium […]

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