A former employee of Mwietheri Savings and Credit Co-operative Organization (SACCO) Ltd has been charged with alleged fraud involving more than Ksh 9 million, following investigations by specialised detectives attached to the Sacco Societies Regulatory Authority (SASRA).
Alfred Maina Munene was arraigned before the Gichugu Law Courts on Tuesday April 21, a day after his arrest by officers from the Directorate of Criminal Investigations (DCI) under the Sacco Societies Fraud Investigation Unit (SSFIU).
Munene, who previously worked at the SACCO, is accused of fraudulently accessing and siphoning funds through mobile banking transactions carried out between April 20, 2025, and December 30, 2025.
He appeared before Senior Principal Magistrate Sarah Manyura, where he denied four charges, including stealing by servant, computer fraud, and use of proceeds of crime.
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According to the charge sheet, the accused allegedly stole Ksh8,929,644.64. The prosecution further claims that Ksh5,039,900 was funneled through his personal mobile line, while Ksh5,288,200 was routed through a mobile subscriber line registered in his spouse’s name, all for personal gain.
The court released him on a bond of Ksh20 million with a surety of a similar amount, without the option of cash bail.
The matter will be mentioned in court after two weeks for further directions.
By Our Reporter
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