24-Year-Old Kenyan Charged with Conspiracy to Steal Sh294 Million from Family Bank

A 24-year-old Kenyan has been charged with electronic theft of more than Sh294 million from a local bank.

Kevin Kunga Mwaka is accused of fraudulently interfering with data in the Family Bank banking system by altering 22 prepaid card balances involving Sh294.8 million.

“Fraudulently and with intent to steal, the accused altered data in Family bank of Kenya’s core banking system by altering  22 pre-paid card balances involving a total amount of Sh294,800,003,” the charge sheet reads.

He is alleged to have committed the offenses between November 1st, 2018, and January 20th, 2019.

Appearing before Milimani Senior Principal Magistrate Martha Mutuku, Kunga has also been charged with conspiracy to steal Sh294,800,003 from Family bank on the same dates.

The charge sheet also shows that the accused dishonestly received in his Family Bank account Sh15 million on January 19th knowing well that it was stolen money.

Kunga pleaded not guilty to the charges leveled against him and has been released on Sh2 million bond or Sh1 million cash bail.