Ex-Kemri boss Davy Koech fined Sh19m for fraud
By Jael Mboga
| September 15th 2021
Former Kemri boss Davy Koech has been found guilty of fraudulent acquisition of public property and fined Sh19.6 million.
The case was before Senior principal magistrate Victor Wakumile, who said if Koech is unable to pay, he will serve a six-year jail term.
Koech was accused of transferring Sh19.3 million from Kemri’s bank accounts to his personal accounts when he was MD.
The money was to finance his children’s education abroad.
The funds had been allocated to the Center for Disease Control, Kisumu
However, the office of the DPP has said it is dissatisfied with the sentence and will be seeking an enhancement of the same at the High Court.
Transfer of funds
On August 16, 2006, some Sh800,000 was transferred from the corporation’s account, another Sh6 million on December 5 and Sh12.5 million on December 13 of the same year.
Koech is said to have written to the Yaya branch manager instructing the bank to transfer the funds.
He asked the manager to treat the transaction as "an exceptional case", saying the chequebook was in Kisumu. He said he had contacted the co-signatories John Vulule and Dennis Ali and they would endorse the instructions.
House hunting apps giving agents a run for their moneyUnlike the traditional agent, xPodd connects tenants directly to landlords whose houses match the prospective tenant’s specifications for a small fee.
Address construction sector challenges, architects urge Nairobi county governmentThe Architectural Association of Kenya (AAK) has called on Nairobi City County Government to address issues affecting the construction sector.
‘The brother I know couldn’t have killed his children’, woman says
- How Aden Duale forced 8 per cent VAT pill down MPs’ throats
By Nzau Musau
- Road that has been an election pledge since 1979 almost complete
- Mololine matatu founder who rose from a tout to a millionaire
- ‘It’s untrue Nakuru doctor’s wife wanted to fly abroad and leave family behind’
By Brian Okoth
- Teachers to wait longer as TSC seals hopes of salary increment