A suspect in an alleged KSh 8.9 million fraud involving Mwietheri Sacco Society Ltd was arraigned before the Gichugu Law Courts on Tuesday following investigations by DCI detectives attached to the Sacco Societies Fraud Investigation Unit (SSFIU), a unit based within the Sacco Societies Regulatory Authority (SASRA).
The accused, Alfred Maina Munene, a former employee of the Sacco, was arrested on Monday, 20th April 2026. He faces allegations of fraudulently accessing Sacco funds through mobile banking transactions carried out between 20th April 2025 and 30th December 2025.
Appearing before Hon. Sarah Manyura on 21st April 2026, Munene denied four charges: stealing by servant, computer fraud, and use of proceeds of crime.
According to the charges, he is accused of stealing KSh 8,929,644.64 and fraudulently obtaining KSh 5,039,900 through his own mobile line and KSh 5,288,200 through his spouse’s mobile subscriber line for economic benefit.
The court granted him a bond of KSh 20 million with a surety of a similar amount, with no cash bail option available.
