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The Kenya Railways Corporation (KRC) may have lost half a billion shillings in the land acquisition programme for the Standard Gauge Railway (SGR) project, an internal audit has revealed.
According to the draft report of a joint audit between the Kenya Railways Corporation Risk and Audit Department and the National Lands Commission (NLC) Audit Department, the biggest single transaction faulted by the audit is what auditors called a “subjective sisal plantation valuation”.
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