CIC Insurance employee, two others charged over Sh 22M insurance fraud

Michael Kamau Mwangi (R) and Daniel Mwaniki Kahora at Milimani Law Courts where they denied insurance fraud charges. Photo/Courtesy

An employee of CIC General Insurance Limited has been charged alongside two others with defrauding the company over  Sh 22 million.

Michael Kamau Mwangi, a claim analyst at CIC and  Daniel Mwaniki Kahora are accused of conspiring to defraud the insurer Sh 5,227,985 using false fire damage claims.

The two are alleged to have committed the offence between 20th July 2015 and 3rd July 2020 within Kenya, jointly with others not before court, with intent to defraud.

Kahora also faces a second count of stealing the said money from CIC. The money had been fraudulently paid upon processing of various fictitious KPLC public liability claims in his favour.

As an alternative charge, Kahora is accused of handling stolen property. The said money was allegedly deposited in his Equity Bank account knowing or having reason to believe it was stolen.

Mwangi also faces several other charges of fraudulent false accounting, of the said money, forgery, uttering false documents. 

The two denied the charges before Senior Principal Magistrate Robison Ondieki.

They were each granted a bond of Sh 1 million with alternative cash bail of Sh 300,000.

In a separate case, Mwangi is charged alongside one Paul Njoroge Waithaka with conspiracy to defraud CIC Sh 17,259,475.

Michael Kamau Mwangi (R) and Paul Njoroge Waithaka at Milimani Law Courts

Waithaka is also charged with stealing the said money using similar claims.

In the alternative, Waithaka is accused of handling stolen money which was deposited in his KCB account.

On the other hand, Mwangi is charged with several counts of forgery, fraudulent false accounting and uttering false documents.

He is accused of facilitating fraudulent processing of KPLC liability claims for Waithaka purporting them to be genuine claims.

Mwangi and Waithaka denied the charges and were granted cash bails of Sh 300,000.