Home Court News Two CIC Insurance employees charged with Sh 9 Million fraud.

Two CIC Insurance employees charged with Sh 9 Million fraud.

by Robert Guyana

Two CIC Insurance employees have been charged with Sh 9 Million fraud.

Michael Kamau Mwangi and Jacqueline Mumbua Wambua appeared before magistrate Milimani chief magistrate Susan Shitubi and denied several counts of fraud against the law.

The court was informed that on diverse dates between January 25, 2016 and September 9, 2021 at unknown place within the republic of Kenya, jointly with others not before court conspired with intent to defraud CIC General Insurance Limited Sh 9,192,027 by facilitating fraudulent processing of KPLC Public liability claims in favor of Jacquelyne Mumbua Wambua, purporting that the said Mumbua made genuine and valid claims with CIC General Insurance Limited arising from fire damage to her properties ,a fact you knew to be false.

Mumbua was also charged with stealing against the law.

She was charged that on diverse dates between October 14, 2017 and September 9, 2021 at Co-operative Bank, Aga Khan Walk branch within Nairobi County, in an account in the name of Jacqueline Mumbua Wambua, stole Sh 9M the property of CIC General Insurance Limited which had been fraudulently paid into the said account upon processing of fictitious KPLC public liability claims in favor of the said Jacquelyn Mumbua Wambua.

Mumbua is accused of receiving the said money which was deposited to her count.

They faced several other counts of fraudulent false accounting and handling stolen properties.

They requested for favorable bond and bail terms and requested to be given witness statements.They said that the place where they live is known and that they presented themselves to court.

The prosecution requested the court to grant them stringent bond terms based on bail and bond guidelines which indicates that bail and bond should not be excessive and same should not be so law that accused will forfeit and flee jurisdiction of the court.

They requested the Court in considering bail or bond to take into account the seriousness of the offense and possibility of the accused escaping.

They were released on Sh 2m bond or a cash bail of sh 500,000.

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