The Auditor-General has warned that the Sacco Societies Regulatory Authority (Sasra) risks a loss of Sh206 million deployed to set up a risk-based supervision system following a delay in the implementation of the project without explanation.
An audit report for the financial year ended June 2020 says that available records show that three firms contracted to supply and install the risk-based supervisory system, electronic document management system and related hardware system were supposed to complete the project by August 2020.
