Seven arraigned over Sh309 million insurance fraud

The accused were arrainged before the Milimani Law Courts facing multiple charges. [DCI, Facebook]

Seven current and former directors of Invesco Assurance Company Limited and Compliant Insurance Agency were on Tuesday arraigned before the Chief Magistrate's Court in Milimani over their alleged involvement in a Sh 309 million insurance fraud scheme.

The accused, Albert Karakacha Muhavani (former director, Invesco), Daniel Wekesa Nyalyanya (former CFO, Invesco), Michael Nganga Kibara (former accountant, Invesco), Ruth Wangari Mwasalu, Antony Githinji Ngerere, Hildah Wambui Karanja, and Lameck Gisore Ongere (all directors at Compliant Insurance Agency) face multiple charges stemming from months-long investigations led by the Directorate of Criminal Investigations (DCI).