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Originally published by KBC County News
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August 6, 2026
1mo ago

Three bank CEOs, former MCA charged over alleged Ksh363M fraud scheme

Three bank CEOs, former MCA charged over alleged Ksh363M fraud scheme

The Director of Public Prosecutions (DPP) has charged the chief executive officers of NCBA Bank, KCB Bank and Co-operative Bank with failure to report suspected proceeds of crime in connection with an alleged Ksh363 million fraud scheme...

✨ Key Highlights

The Director of Public Prosecutions (DPP) has charged three bank CEOs and a former MCA over an alleged Ksh363 million fraud scheme. The bank executives face charges for failing to report suspected proceeds of crime.

  • Alleged fraud amount: Ksh363,420,459
  • Key institutions involved: NCBA Bank, KCB Bank, Co-operative Bank, and First Assurance Investment Company Limited
  • Notable detail: The former MCA is accused of forging his co-director's signature to facilitate the unlawful withdrawal of funds.

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