The Central Bank of Kenya (CBK) has hired US consulting firm FTI Consult to conduct a forensic audit of one of the two banks that were placed under receivership by the regulator in the last two month, Business Daily reported.

CBK picked the American consulting company, which was involved in unmasking the perpetrators of a multi-billion dollar ponzi scheme in the US, amid jitters in the local financial sector that some banks could collapse as a new Central bank governor cracks the whip.

FTI Consulting is the firm that conducted the forensic audit into the $7.2 billion Ponzi scheme by billionaire financier Allen Stanford, who was convicted in 2012 and sentenced to 110 years in jail for defrauding investors.

The New York Stock Exchange listed consulting firm, will audit the books of Imperial Bank, that was unexpectedly placed under receivership last week even after it successfully raised funds from the public through a bond and declared a handsome profit the previous month.

In a statement, CBK said it had took action against the mid-tier bank after it discovered “unsafe and unsound business conditions”.

The financial malpractices at Imperial Bank burst to the public limelight following the death of its co-founder and long-serving group managing director Abdulmalek Janmohamed in mid September.

The bank, which also has operation in neighboring Uganda, has also been placed under the Bank of Uganda management although it continued to conduct its business as usual there.

Another Kenyan lender, Dubai Bank,  is facing liquidation after it was found by the regulator to be under liquidity stress and engaging in other unspecified malpractices.