Former Old Mutual worker accused of stealing Sh89.5m while preaching motivation online
Former employee charged with siphoning millions of shillings in a fraud scheme that spanned...
A view of the Old Mutual logo displayed on a screen as delegates follow proceedings during the release of Old Mutual Holdings Plc’s half-year results at Serena Hotel, Nairobi on August 28, 2026.
By the time detectives from the Banking Fraud Investigations Unit (BFIU) arrested Bernard Kariuki last Thursday, he had allegedly siphoned off Sh89.5 million from his employer, Old Mutual Life Assurance Kenya, through a fraud scheme that spanned eight years.
The Credit Control Officer is accused of creating a network of three companies that received money illicitly transferred from his employer. He would later resign, leaving behind a trail of suspicious payments that investigators say they traced to companies linked to him.
CCTV footage helped identify the MCA in three reported theft incidents.
MCA for Ikanga/Kyatune Ward, Kitui arrested in Nairobi over alleged mobile phone thefts.
After months on the run, he was allegedly attempting to sell a vehicle to raise money for daily upkeep.
The judgment clears the way for affected community members to pursue civil compensation for their demolished homes, schools, and health facilities.
'Whether the impugned remarks actually violated the Constitution is a question to be determined upon consideration of the evidence and the circumstances in which the statements were made.' — Court
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