× Digital News Videos Africa Health & Science Opinion Columnists Education Lifestyle Cartoons Moi Cabinets Arts & Culture Gender Planet Action Podcasts E-Paper Tributes Lifestyle & Entertainment Nairobian Entertainment Eve Woman TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×
VAS

ELECTION 2022

Woman charged with stealing Sh78m from employer

NAIROBI
By Lilian Chepkoech | Jan 28th 2022 | 1 min read

The suspect allegedly stole the funds on diverse dates between December 19, 2019 and September 30, 2021. [Courtesy]

The former general manager of a distribution company based in Kisii County was on Wednesday, January 26 arraigned at the Makadara Law Courts in Nairobi for allegedly stealing Sh78 million from her ex-employer.

The court was told that Millicent Akeyo Akinyi allegedly stole the funds on diverse dates between December 19, 2019 and September 30, 2021.

Akinyi is alleged to have, thereafter, resigned from the company.

“Being a servant of TB Distributors Limited, you stole Sh78,014,894, which came into your possession by virtue of employment as the general manager of the distribution company,” the charge sheet said.

After the said-theft was discovered, the firm launched investigations, which resulted in the arraignment of Akinyi, warehouse lead officer, finance chief and sales representatives.

The company said in court that neither Akinyi nor her co-accused alerted the directors about the loss of funds.

The directors told the court that they turned to auditors to help unravel the mystery of missing funds.

Upon completion of the audit, which revealed that Sh78 million was missing from the company accounts, the directors filed a report at Kamukunji Police Station in Nairobi.

Akinyi was, consequently, arrested at her new work centre in Makaburini area, Kamukunji Constituency.

Akinyi denied the charges, and was released on Sh10 million bond. The matter resumes for hearing on July 11, 2022.

Share this story
Jitters over Ruto's endorsement of Tabitha Karanja for Nakuru senate seat
Keroche Breweries Limited CEO founder Tabitha Karanja being the latest entrant to the Nakuru senatorial race.
Brazil goalkeeper Alisson hails VAR after two red cards rescinded
Alisson said the Video Assistant Referee (VAR) had prevented his side from being "punished unfairly" after the Brazil goalkeeper had two red cards res

.
RECOMMENDED NEWS

;