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Questionable land deals put KAA bosses in audit trouble

Tourists at Moi International Airport in Mombasa on April 9, 2012. FILE

The Kenya Airports Authority (KAA) risks losing billions of shillings in questionable contracts and land deals that its management has signed with third parties, an audit report on the agency’s finances indicates.

The qualified audit opinion, which auditor-general Edward Ouko submitted to Parliament last week, questions the validity of nearly Sh6 billion non-current assets balance that KAA declared in its financial statements for the year ended June 30, 2012.

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