Kiambu: Suspect Altered bank opening balance and stole 2.5m



Kiambu Town: A suspect was on Thursday arraigned before Kiambu senior principal magistrate Stella Atambo charged with stealing Sh 2.5 million from K-Unity Saving and Credit Co-operative Limited.

Joseph Mwangi Njongo who is jointly charged with another who was not in court, denied the charge.

According to the prosecution, the suspect, who is a holder of two accounts No 0011000009883 and 00110000000590 at K-Unity Kiambu branch, allegedly conspired with others who were former employees at K-Unity ICT department to defraud the bank of Sh 2,562,710.

“With help from former employees, they altered the suspect’s opening balance in the accounts, which then indicated the accounts had  money, thus allowing withdrawals of  the cash,” the prosecution told the court.

The alleged illegal bank transactions were done on diverse dates between September 5 and December 1, 2016 in Kiambu County.

The court further heard that the suspects made the cash withdrawal transactions from seven K-Unity branches across the county, which are Kiambu, Githunguri, Kikuyu, Banana, Wangige, Limuru and Lari.

“Some of withdrawal transaction were also done via Mpesa account.” the prosecution added.

The K-unity deputy executive officer Peter Mwangi, who is a witness in the case discovered the alleged theft on 1st December, 2016, and investigations commenced.

Bank documents, including bank statements of the suspect’s accounts revealed the alleged altering of his account and inside job conspiracy, leading to the theft of the cash.

The senior principal magistrate released the suspect on cash bail of 100,000. The case will be heard on May 23, 2017.

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