Former Chase Bank chairman Zafrullah Khan has claimed that the collapsed lender’s auditors — Deloitte — wrongly reported Islamic banking investments as insider loans, which stood at Sh13.63 billion as per a published financial report when the industry regulator placed the lender under statutory management.
Mr Khan, in fresh court filings, says the auditors changed the reporting of Islamic banking investments from “other assets” as per Central Bank of Kenya (CBK) requirements, to insider loans.
