Jirongo named in list of six behind collapse of Dubai Bank

Six individuals and their companies were behind last year’s sudden collapse of Dubai Bank, an auditing firm that inspected the lender’s books in the past decade has revealed.

Crowe Horwath, through its local partners Horwath Erustus and Company, told Parliament that Dubai Bank collapsed under the weight of a Sh4 billion loan book, out of which Sh2.5 billion was non-performing, at the end of December 2014.