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Originally published by Capital News
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February 12, 2026
10h ago

Suspected Cyber-fraudster Arraigned Over Sh11.4 Million Microfinance Heist

Suspected Cyber-fraudster Arraigned Over Sh11.4 Million Microfinance Heist

The Directorate of Criminal Investigations says the action follows a formal complaint lodged by the Microfinance institution, detailing a shocking incident that occurred on July 16, 2025. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..

✨ Key Highlights

A suspected cyber-fraudster has been arraigned in court for allegedly orchestrating a scheme that siphoned off Sh11.4 Million from a leading microfinance institution. The action follows a complaint lodged by the Microfinance institution regarding fraudulent transactions that occurred on July 16, 2025.

  • The suspect faces multiple charges including Unauthorised Access to a Computer System, Computer Fraud, and Money Laundering.
  • Thirty-eight fraudulent transactions were executed through the institution's system.
  • The accused pleaded not guilty to all twenty counts and was granted bail of Sh1,500,000 or a cash bail of Sh500,000.

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