Four KCB employees arrested over Ksh.72M theft


Four KCB employees arrested over Ksh.72M theft
Edmund Mutua, Benson Mwai and Evans Kiplagat at the Mombasa Law Courts. They were charged with stealing money from KCB accounts. PHOTO|

In Summary

  • The suspects are said to have fraudulently transferred the amount from KCB to accounts in various banks in Nairobi, Mombasa, Eldoret and Malindi.
  • According to the DCI, evidence gathered showed that 37 fictitious merchant companies were registered with KCB to facilitate the transfers through fraudulent transactions.
  • Appearing at the Mombasa Law Courts, three of the four suspects denied the charge and were released on a bond of Ksh.200,000 or Ksh.100,000 cash bail each.

The Directorate of Criminal Investigations (DCI) says four Kenya Commercial Bank (KCB) employees were last Friday arrested for allegedly stealing over Ksh.72 million.

According to the DCI, the suspects fraudulently transferred the amount from KCB to accounts in various banks in Nairobi, Mombasa, Eldoret and Malindi.

“Four suspects were arrested on August 13 an alleged stealing amounting to Ksh.72,619,951.83 which was transferred from the Kenya Commercial Bank Ltd in smaller amounts to accounts domiciled with various banks in Nairobi, Mombasa, Eldoret and Malindi,” said the DCI.

According to the detectives, evidence gathered showed that 37 fictitious merchant companies were registered with KCB to facilitate the transfers through fraudulent transactions.

The four suspects were identified as Mr. Benson Mwai Karugu, Mr. Edmund Kirturi Mutua, Mr. Evans Kenda Kiplagat and Mr. Macdonald Mochama Mongwe.

The DCI noted that the amounts were channeled to the fictitious companies through Point of Sale (POS) transactions approved by the suspects. The accused are then said to have shared the money through M-Pesa.

Three of the suspects; Edmund Mutua, Benson Mwai and Evans Kiplagat were, however, arraigned in court on Monday and charged with conspiracy to steal Ksh.6 million and stealing Ksh.1 million from customer accounts.

Appearing at the Mombasa Law Courts, the three denied the charge and were released on a bond of Ksh.200,000 or Ksh.100,000 cash bail each.

The hearing of the case was set on September 4, 2018.

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