9 suspects in Ksh160M Sacco fraud arrested

Saturday, September 23rd, 2023 10:44 | By
Hand cuffs. PHOTO/Pexels
Hand cuffs. PHOTO/Pexels

The Directorate of Criminal Investigation (DCI) has said they have arrested suspects in a Ksh160 million fraud case involving Njiwa Savings and Credit Cooperative Organization (SACCO).

The detectives said nine people involved in the fraud were arrested following a joint operation that also involved members of the National Intelligence Service (NIS).

"Detectives have arrested 9 employees of a savings and credit SACCO society in relation to the disappearance of approximately Ksh160 million.

"The employees of Njiwa Sacco, belonging to the staff of the National Intelligence Service (NIS), were rounded up following comprehensive joint investigations conducted by detectives and officials from the spy agency," DCI said in a statement on X, formerly Twitter.

The DCI went to give clarifications on the specific name details of the suspects arrested.

The nine include senior SACCO officials Amos Kipchumba, who was the internal auditor; loans manager Violet Wali; accountant Caren Langat; and system analysts Hamisi Zaunga and Miriam Nthenya.

"Others are a teller identified as Nicodemus Osiemo, Eric Rono from Sure-Step Systems, Moses Ntoinya, a NIS officer who colluded with the SACCO staff to siphon the funds, and Tony Wabomba, a former employee of the SACCO society," the statement added.

The accused will have to defend themselves against nine charges that will be preferred against them in court.

"The nine who have since been dismissed from the SACCO face nine counts of conspiracy to commit a felony, stealing by servant, false accounting by servant, negligence, computer fraud, forgery, uttering a false document, and access with intent to commit an offense, among other charges," DCI explained.

More wanted

The number of suspects could rise by three as the DCI is still on the hunt for more.

"They will be arraigned in court on Monday, September 25, 2023, to answer for their crimes. Meanwhile, detectives are on the trail of three other suspects who have since gone into hiding," the detectives said.

DCI further affirmed their commitment to carry out a deeper investigation to uncover the fraud and related suspects.

The agencies involved in the investigation of this high-level fraud shall continue to investigate and expose corrupt individuals and networks while taking concrete steps to ensure transparency and accountability in the management of public entities," the statement concluded.

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