ICT expert charged with theft of 177M

ICT expert charged with theft of 177M

A former ICT expert at Consolidated Bank has today been arraigned in court over the theft of Ksh177,100,500.

John Macharia Kihahu together with others not before court was accused of making unauthorised access to the core banking system and transfering the said amount to 12 different bank accounts within the same bank and later withdrew the whole cash by disabling the bank’s systems and ATM switch systems.

It is alleged that the act was committed between 24th Oct 2015 and 26th October 2015 at Consolidated Bank head office, Koinange Street in Nairobi.

Macharia however did not plead to the charges as his 2 lawyers objected to him taking a plea on grounds that proper investigations have not been done leading to contradiction of charges against him.

Macharia who appeared before Principal Magistrate Joyce Gendani was released on a Ksh100,000 cash bail. The accused will appear before the court on January 21, 2016 to take a plea.

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Story By Wangui Ngechu
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