A Kenyan national and director of a company in Zimbabwe was on Thursday, January 5, presented in court for allegedly orchestrating a fraud scheme that saw a government agency lose over Ksh7 million.
The CEO allegedly colluded with some officials to gain access to a bank account belonging to the agency where he transferred the said amount.
Presenting their evidence in court, the government agency explained that the suspect created a system to create codes that enabled him to hack the account.
According to the government agency, the Kenyan national connived with two other individuals who are still at large.
The suspect, however, denied all the allegations leveled against him before a court in Zimbabwe.
Besides fraud charges, the Kenyan investor was also accused of violating Zimbabwe immigration rules.
According to the authorities, he engaged in businesses contrary to the country's immigration laws.
The heist was exposed after the agency received an email alerting them of the transactions. The tip-off helped the detectives to recover slightly over Ksh11,000, which had also been siphoned from the accounts.
During the hearing, it was also established that the government agency lost close to Ksh46 million to another syndicate whose identity is unknown.
In 2019, Zimbabwean authorities launched a manhunt for a former minister who fled to Kenya after fraudulently obtaining Ksh40 million from a government kitty.
The move came as Zimbabwe invoked the Money Laundering and Proceeds of Crime Amendment Act to seize properties of individuals who fled the country to avoid trial over corruption allegations.
