The Chief Executive Officer of Capital DT Sacco Society Ltd, Stephen Murithi, was on Tuesday arraigned before a Meru court and charged with three counts relating to the alleged theft of Ksh39 million) from the Sacco.
Murithi was arrested a day earlier by fraud investigation officers from the Sacco Societies Regulatory Authority (SASRA) over alleged financial impropriety at the institution. He was processed and held in custody before being taken to court, where he took a plea on all three counts.
According to the charge sheet filed at the Meru Law Courts (Court File No. E974/2026), Murithi faces the following counts:
Count I: Stealing by Servant Contrary to Section 281 of the Penal Code. The prosecution alleges that on diverse dates between 23rd February 2026 and 25th April 2026, at Capital DT Sacco Society’s head office in Meru County, Murithi, while serving as the Sacco’s CEO, stole Ksh39,000,000, the property of Capital DT Sacco Society, which came into his possession by virtue of his employment.
Count II: Acquisition of Proceeds of Crime Contrary to Section 4(a) as read with Section 16(1)(a) of the Proceeds of Crime and Anti-Money Laundering Act (POCAMLA), 2009. The charge sheet states that, on the same diverse dates, Murithi acquired the Ksh39 million by withdrawing the cash from a bank branch in Meru knowing at the time of acquisition that the funds formed part of the proceeds of crime.
Count III — Use of Proceeds of Crime Contrary to Section 4(b) as read with Section 16(1)(a) of POCAMLA. This count mirrors the second, alleging that Murithi used the Ksh39 million by withdrawing it from the same bank account, again while allegedly aware, or having reason to believe, that the money constituted proceeds of crime.
Capital DT Sacco Society is named as the complainant in the matter.
Murithi took a plea and was granted a bond of Ksh1 million, with an alternative cash bail of Ksh500,000, subject to two sureties.
The case will be mentioned on 19th August 2026, with the substantive hearing scheduled to begin on 15th October 2026.
The charge sheet was received at the Office of the Director of Public Prosecutions, Meru station, and signed off by the prosecutor.
Under Kenyan law, he is presumed innocent until proven guilty.
