BY JOAN WANJIKU,NAIROBI,20TH AUG 2018-Four Kenya Commercial Bank employees arrested last Friday suspected to have stolen Sh72.6 million are expected to be arraigned in court to face charges.
The Directorate of Criminal Investigations says Mr Benson Mwai Karugu, Mr Edmund Kirturi Mutua, Mr Evans Kenda Kiplagat and Mr Macdonald Mochama Mongwe transferred the money in small amounts to accounts domiciled with various banks in Nairobi, Mombasa, Eldoret and Malindi.
Evidence gathered by the DCI indicates that 37 fictitious merchant companies were registered with KCB to facilitate the theft through fraudulent point of sale card (POS) transaction.
It is alleged that the claims were approved by the four suspects and money sent to the companies’ account as POS card settlements.
The DCI further reports that the funds were later shared through M-Pesa among the four suspects.