× Digital News Videos Health & Science Opinion Education Columnists Lifestyle Cartoons Moi Cabinets Kibaki Cabinets Arts & Culture Gender 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

Ex-Kemri boss Davy Koech fined Sh19m for fraud

By Jael Mboga | September 15th 2021

Former Kemri boss Dr. Davy Koech on September 15, 2021, when he was found guilty of corruption. [Collins Kweyu,Standard]

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.

Share this story
House hunting apps giving agents a run for their money
Unlike 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 government
The Architectural Association of Kenya (AAK) has called on Nairobi City County Government to address issues affecting the construction sector.