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Originally published by KBC County News
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May 27, 2026
1h ago

19 suspects charged in Ksh14B Sacco fraud scandal

19 suspects charged in Ksh14B Sacco fraud scandal

19 suspects have been charged in court over an alleged fraud scheme that saw a Sacco lose over Ksh 14 billion...

✨ Key Highlights

Nineteen suspects have been charged in court over an alleged fraud scheme that defrauded a Sacco of over Ksh 14 billion. The charges stem from intricate schemes involving fictitious loans and unauthorized investment operations.

  • Over Ksh 14 billion lost through two fraudulent schemes.
  • Former and current officials of the Sacco are among the accused.
  • The case involves alleged manipulation of financial records and embezzlement of member funds, with a trial date set for June 22, 2026.

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