Detectives Uncover 58 Fraudulent Cheques in Sacco Scam
Investigations revealed that the scheme involved 58 cheques that were irregularly issued and cleared, with funds deposited into accounts linked to A businessman and other unsuspecting Sacco members. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..
✨ Key Highlights
Detectives from the Banking Fraud Investigation Unit (BFIU) have uncovered a cheque fraud scheme, leading to a Sacco losing over Sh16 million. A former Sacco accountant has been arrested in connection with the elaborate scam.
- The scheme involved 58 fraudulent cheques that were irregularly issued and cleared.
- Funds were deposited into accounts linked to a businessman and other unsuspecting Sacco members.
- The fraud was carried out in phases, with an initial loss of Sh6.8 million before an additional Sh9.1 million was siphoned off.
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Detectives Uncover Ksh16 Million SACCO Fraud; Separate SHA Identity Fraud Investigated - February 2026
Detectives from the Banking Fraud Investigation Unit (BFIU) have uncovered a cheque fraud scheme that led to a Sacco losing over Sh16 million. An accountant suspected of orchestrating the fraud has been arrested by the DCI in connection with the elaborate scam, which involved 58 fraudulent cheques. This follows an earlier apprehension of a businessman linked to the scheme. In a separate case, a Nairobi family faces a two-month delay in burying their relative, Antony, after he fraudulently used his brother's identity to access medical care at Mbagathi Hospital under the Social Health Authority (SHA). This deception has led to a fraud investigation, which is stalling the issuance of a correct death certificate.
