China I think already has the death penalty for economic crimes.

The truth is economic crimes kills other people and thus they need to be equated to murder, If you ask me it should be death by hanging in public.

Don't be suprised Sir, The Mafioso always try to operate within the law and exploit every loophole and excuse in the book before resorting to extrajudicial means. Now it's the bandit auditors.

The work auditors do depends on the brief

KBA Public Notice

In light of the recent developments within the financial sector, the banking industry umbrella body and financial
sector advocate, Kenya Bankers Association (KBA) wishes to issue the following statement to reassure the banking
public that the industry is responsive to their concerns.
The role played by banks in Kenya’s economic development cannot be gainsaid. Banks not only serve as intermediaries
that channel monetary resources from investors to areas of the economy that require capital for growth, but also act
as critical players in the financial sector, which contributes to the country’s development.
The banking industry is regulated by the Central Bank of Kenya and other financial sector regulators, which oversee
the capital markets and insurance industries, among other activities in which banks are active. It is the view of KBA, as
well as the Central Bank in several published statements, that the issues currently being addressed by the regulator
at Chase Bank are isolated, and are neither of systemic risk nor an indication of instability in the industry overall.

Kenya’s banking sector remains safe and strong.

• KBA and CBK have both confirmed that the
speculated list of banks facing closure, which
is circulating on social media, is false and is
defamation of the listed banks.
• As KBA, we acknowledge that Kenyans are
concerned about the industry developments,
and regret the anxiety that has been caused.
• As an industry, we are also concerned with the loss
of confidence in banking that has been occasioned
by the recent events; we commit to work closely
with CBK to help restore trust in the industry.

• In addition to supporting Central Bank’s
enhanced banking supervision, KBA further
commits to work together with the regulator and
KBA member banks to enhance the industry’s
comprehensive risk management practices and
governance standards, in conjunction with the
Sustainable Finance Initiative that was launched
by the CBK Governor in December 2015 and will
reinforce how banks positively contribute to the
economy and society.

Ultimately, there are several positive developments in banking that have been celebrated and will continue to
be hallmarks of the industry, including progress towards the Vision 2030 financial inclusion goal; introduction of
enhanced pricing transparency; promotion of SME finance; and enabling access to credit at the micro level.
We therefore ask the banking public to view these positive developments, as well as our commitment to enhance
banking practice, as an indication that the industry is responsive to market expectations and their concerns.

who takes KBA seriously on anything anymore?