Chase Bank shareholders’ Deloitte case thrown out

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Chase Bank customers mill around the closed bank along Mama Ngina Street in Nairobi. FILE PHOTO | EVANS HABIL | NMG

The High Court has struck out a case filed by shareholders of collapsed lender Chase Bank accusing audit firm Deloitte & Touche Kenya of professional negligence.

Justice David Majanja ruled that the shareholders had no case against the audit firm because the contract was between the lender and auditor and not the shareholders.

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