Senior Bank Manager siphoning Ksh52million
Senior Bank Manager siphoning Ksh52million
A senior operations manager at one of the top-tier banks has been charged in court for allegedly siphoning more than Ksh52 million from the financial institution over a period of nearly two years.
According to the Office of the Director of Public Prosecutions (ODPP), the suspect was arraigned before the Kisii Law Courts to face 134 criminal charges linked to the multi-million shilling theft.
The court heard that while serving as operations manager at the bank’s Kisii branch, he fraudulently siphoned Ksh52,404,084.95 on diverse dates between December 13, 2022, and October 10, 2024.
He was charged with several offences, including theft by servant, acquisition of proceeds of crime, possession and use of proceeds of crime, as well as forgery and uttering false documents.
However, he pleaded not guilty to all the charges before Senior Principal Magistrate Benard Obae Omwansa.
The prosecution, led by Senior Assistant Director of Public Prosecutions (SADPP) Solomon Njeru, urged the court to impose stringent bond terms, citing the magnitude of the financial loss involved.
Consequently, the magistrate directed that a ruling on bond terms will be delivered on October 9, 2025, with the pre-trial hearing scheduled for October 16, 2025.
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In the meantime, the accused was on Friday remanded at Kisii Prison as the case proceeds.
In Nairobi County, the Ethics and Anti-Corruption Commission (EACC) has secured a conviction against a government official who forged an academic certificate in an attempt to gain employment at Nairobi City Water and Sewerage Company Ltd.
Investigations by the Commission revealed that the accused presented a forged Diploma Certificate in Sports Science Management, purportedly from Jomo Kenyatta University of Agriculture and Technology (JKUAT).
Chief Magistrate Harrison Barasa of the Milimani Anti-Corruption Court sentenced the accused to a fine of Ksh100,000, or in default, one year imprisonment.
This was after the court found him guilty of uttering a false document contrary to Section 353 of the Penal Code.
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