Three arrested over Sh22.4 million SACCO fraud in Meru
National
By
Leeroy Wuone
| Jun 11, 2026
Police in Meru have arrested three suspects linked to a fraud scheme that siphoned more than Sh22.4 million from a savings and credit cooperative society (SACCO).
According to the Directorate of Criminal Investigations (DCI), the suspects allegedly exploited the SACCO’s computerised financial systems to divert members’ funds through multiple accounts.
“Preliminary findings indicate that this was a well-coordinated scheme involving internal access and external collaborators who used multiple channels to move stolen funds,” read the statement.
Among the suspects are the SACCO’s ICT Assistant Officer, alongside account holders to whom the siphoned monies were allegedly sent.
During the operation, detectives recovered mobile phones and a company laptop believed to contain crucial forensic evidence.
READ MORE
Middle East conflict deal: Why economics, not US or Iran, won
Kenya to host global military AI Summit, a first for Africa
Falling crude oil prices raise hope of relief at the pump
Why US has beaten China to clinch Kenya's Sh9.7tr minerals deal
From financing to procurement: Who is fooling whom in JKIA expansion deal?
Informed consumer is key to dealing with fake motor insurance certificates
Africa's venture capital shift is quiet, but transformative
State to fight fakes with digital product authentication mark
“The digital devices seized will undergo forensic analysis to establish the full extent of the fraud, including communication trails and financial transactions,” the investigator added.
The suspects are currently in custody awaiting arraignment.