Troubled Chase Bank shareholders have written a protest letter to the Central Bank of Kenya (CBK) asking to be part of ongoing negotiations to sell some of the bank’s shares to a deep-pocketed investor.
The 48 shareholders, including foreign investors who control 20.9 per cent of Chase Bank, are through their lawyer, seeking access to a due diligence report prepared by KPMG and a Deloitte forensic audit report in order to determine the capital adequacy position of the troubled financier.
