Kenya: East African Portland Cement (EAPC) has hired Ernst & Young to conduct a forensic audit of its business following reports that the company is technically bankrupt and may have lost around US$7.1m worth of stock from its warehouses since 2014. Cement stock valued at US$4m went missing in Kenya and US$3.1m disappeared in Uganda, according to the Business Daily newspaper. Ernst & Young started work for the state-owned cement producer in early November 2016.
East African Portland Cement brings in the auditors
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