Bank manager accused of embezzling Sh52 million charged
The manager was charged with theft by servant, acquisition and possession of proceeds of crime, use of proceeds of crime, forgery, and uttering false documents.
A manager working at a leading bank is at the centre of a major fraud case after being accused of stealing more than Sh52 million from the institution over a period of close to two years.
The Office of the Director of Public Prosecutions (ODPP) confirmed that the suspect appeared before the Kisii Law Courts to answer 134 criminal charges connected to the theft.
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The prosecution told the court that while serving as the operations manager at the bank’s Kisii branch, the accused siphoned Sh52,404,084.95 through fraudulent transactions carried out between December 13, 2022, and October 10, 2024.
He was charged with theft by servant, acquisition and possession of proceeds of crime, use of proceeds of crime, forgery, and uttering false documents.
The accused denied all the charges before Senior Principal Magistrate Benard Obae Omwansa.
Senior Assistant Director of Public Prosecutions Solomon Njeru urged the court to issue tough bond terms, citing the seriousness of the offences and the huge amount of money involved.
The magistrate directed that a ruling on bond will be delivered on October 9, 2025, and set the pre-trial hearing for October 16, 2025. Until then, the suspect will remain in custody at Kisii Prison as the case continues.
Meanwhile, in Nairobi, the Ethics and Anti-Corruption Commission (EACC) secured a conviction against a county official who forged an academic certificate to gain employment at Nairobi City Water and Sewerage Company Ltd.
Investigations revealed that the official had presented a fake Diploma in Sports Science Management, allegedly from Jomo Kenyatta University of Agriculture and Technology (JKUAT).
Milimani Anti-Corruption Court Chief Magistrate Harrison Barasa found the accused guilty of uttering a false document under Section 353 of the Penal Code.
He was handed a fine of Sh100,000 or a one-year jail sentence if he fails to pay the fine.
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