The forensic preliminary report by PricewaterhouseCoopers (PWC) into the mismanagement of Crane bank shows payments were made for software that was never supplied and sometimes money paid in billions would be withdrawn on the same day, writes ALON MWESIGWA.
Crane Bank Limited bosses procured and paid for information technology (IT) services and software systems that were non-existent, defrauding the company of billions of shillings, the PWC report shows.
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