Audit firm Deloitte faces questioning over Kenya's banking fraud

Audit firm Deloitte was drawn into the ongoing huntdown of individuals and entities suspected to be responsible for the turmoil at Chase Bank and National Bank. Kenya's Directorate of Criminal Investigations boss, said Deloitte - which is the external auditor of the troubled banks - had been included on the list of those under investigation and will be required to record a statement. Deloitte, however, said it was confident of executing its professional responsibilities and in compliance with existing rules and standards that define its mandate. Police said the three suspended officials, who were questioned alongside the acting chief finance officer, Wyclife Kivunira, recorded statements on the sudden upsurge in bad loans at the bank.