High Court blocks prosecution of Co-op Bank CEO Gideon Muriuki
The orders also suspend proceedings in Milimani Chief Magistrate's Court Criminal Case No. E451 of 2026, Republic v Salim Mohammed Busaidy & six others, as well as any other criminal proceedings arising from the investigations against the bank and its CEO...
✨ Key Highlights
The High Court has temporarily halted the prosecution of Co-operative Bank of Kenya and its Chief Executive Officer, Dr Gideon Muriuki, concerning an alleged fraud totaling Sh363.3 million at First Assurance Investment Company.
- The court issued interim orders restraining the Director of Public Prosecutions and the Director of Criminal Investigations from arresting, charging, or prosecuting the bank and its CEO.
- Key figures involved include Co-operative Bank of Kenya and its CEO, Dr Gideon Muriuki.
- The case is linked to investigations into the alleged theft of Sh363.3 million from First Assurance Investment Company.
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Stanbic in Talks With Government on Yuan-Based SGR Debt Servicing - August 2026
Stanbic Bank Kenya is in discussions with the Kenyan government regarding potential financing options to support servicing of the country's yuan-denominated debt, following the re-denomination of a portion of Standard Gauge Railway obligations. Separately, the High Court has temporarily halted the prosecution of Co-operative Bank of Kenya CEO Dr Gideon Muriuki concerning an alleged fraud totaling Sh363.3 million at First Assurance Investment Company. Africa\'s richest man Aliko Dangote has identified Kenya as one of over 10 promising African countries for investment, highlighting the continent's growing business opportunities.
