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Originally published by Capital Business
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business
August 7, 2026
3h ago

High Court blocks prosecution of Co-op Bank CEO Gideon Muriuki

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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