4 KCB employees to be charged with Sh72 million theft

August 20, 2018 9:03 AM

DCI has also arrested employees of Family Bank

Four employees of the Kenya Commercial Bank (KCB) will on Monday be arraigned in court for allegedly stealing out Sh72million through fraud.

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The four were arrested after being found culpable in an investigation carried out by Director of Criminal Investigations (DCI) George Kinoti.

Kinoti said that the four employees created a total of 37 fictitious companies and registered them with KCB by making false point of sale card transactions, which they would also approve.

A total of Sh72,619,951.83 was stolen through the false claims.

“Evidence gathered showed that 37 fictitious merchant companies were registered with KCB to facilitate the through fraudulent point of sale card transaction claims which were approved by the suspects & money sent to the companies’ account as POS card settlements,” Kinoti said.

The employees who will be charged include Benson Mwai Karugu, Edmund Kirturi Mutua, Evans Kenda Kiplagat, and Macdonald Mochama Mongwe.

Apart from KCB, employees working for Diamond Trust Bank, Family Bank and Harambee Sacco were over the weekend arrested over fraud-connected crimes.