Bank employee jailed for stealing Sh4m from customer account
SEE ALSO :Clerk in fraud trial barred from office“I invested Sh 1.5 million in buying the treasury bills this was to mature in six months, however I realized that the Sh 2 million I had invested in treasury bills had disappeared,” she testified. Six months later, Jepkemboi realized that the Sh 1.5 million that she had invested had also disappeared upon maturity. Following the two incidents, she went ahead and obtained her bank statements, which confirmed her fears. She then went to the bank manager who checked and found that only Sh185 was in the account. They later agreed with the bank manager Dennis Kimosop to report to the police and upon investigation, they found out that Kosgei had a hand in the disappearance of the money without Jepkemboi’s knowledge and consent. Kimosop told the court that after Jepkemboi had raised the complaint, they conducted an internal investigation and discovered that Kosgei had used his password to access Jepkemboi’s account then withdrew the money.
SEE ALSO :Africa's richest woman accused of fraudIn his defense, Kosgei told the court that it was impossible for such huge amount to be withdrawn without being authorized as there were internal control mechanism to curb such transactions and one such measure was that all withdrawals above Sh 300,000 must be authorized by the operations manager. The prosecution preferred the charges against Kosgei stating that the evidence presented before court overwhelmingly demonstrated that the accused person made an authorised access to the complainant’s account and stole the cash. “This is a case of fraud and there is no way the accused could have followed the laid down procedure as he explained in his defense,” stated the prosecution. “It is my conclusion that the prosecution has proved its case beyond any reasonable doubt and I find the accused guilty as charged and hereby proceed to convict him to three years’ imprisonment,” said Barasa.
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