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Auditor questions reduced State shares in Kenya Commercial Bank (KCB)

A Kenya Commercial Bank banking hall. Kenyans may have lost more than Sh35 billion in KCB through unexplained transfer of shares held by the State. (PHOTO: COURTESY)

Kenyans may have lost more than Sh35 billion in Kenya Commercial Bank (KCB) through unexplained transfer of shares held by the State.

Changes in shareholding in the once fully Government-owned lender have seen the stake fall to 17.74 per cent.

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