Tuesday, July 21, 2015

SHOCK AS HOLY FAMILY BASILICA GROUP LEARNS OF SH10M FRAUD

Posted on Jul 20, 2015




The Holy Family Basilica catholic church. FILE PHOTO | NAIROBI NEWSThe Holy Family Basilica catholic church. FILE PHOTO | NAIROBI NEWS

By KNA

Members of a self-help group at the Holy Family Basilica catholic church expressed shock during an Annual General Meeting (AGM) Sunday when they learnt that more than Sh10 million had been lost through fraud.
In a report from independent auditors, the members were told that they lost Sh10, 575, 533 between 2012 and 2014.
The saving grace, however, is that the fraud has not affected the operations of the group as adequate indemnity funds were available.
The mastermind of the fraud who was an employee of the group was suspended from duty alongside all the other staff in August 2014.
NEW MANAGEMENT
The rot at the self-help group, which was discovered after a new management committee took over office, prompted an audit which unveiled the loss of the money.

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