Ministry orders Kuscco audit over deposit-taking

Delegates during the Kenya Union of Savings and Credit Co-operatives (Kuscco) annual general meeting at the Hilton Hotel in the past. FILE PHOTO | NMG

The State has ordered a special audit of the financial books of the Saccos’ umbrella organisation, the Kenya Union of Savings and Credit Cooperatives (Kuscco) for alleged involvement in illegal deposit-taking business.

Co-operatives and Micro, Small, and Medium Enterprises Cabinet Secretary Simon Chelugui said the special audit will be conducted by one of the big four audit firms in the country.

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