Suspect in Family Bank Sh 294M electronic fraud arraigned in court


A man has been charged with electronic fraud of sh 294 million, the property of Family Bank Limited.


John Kaburu Wakhungu is accused of altering data in a computer system(Family Bank of Kenya co-banking system) by altering 22 clients pre-paid card balances thereby causing the bank loss of the monies.


He is alleged to have committed the offence between 1st and 20th January 2019 at unknown place within the republic of Kenya jointly with others not before court fraudulently and with intent to steal.


The accused person was also charged with stealing Sh 5 million from Family Bank on 19th January 2019.


Alternatively Wakhungu was charged that on 19th January 2019 at Equity ATM KNUT house branch in Nairobi otherwise in the course of stealing dishonestly withdrew sh 280,000 knowing or having reason to believe to be stolen.


Wakhungu was also charged with conspiracy to steal the 294 M from Family bank.

He denied the charges before senior resident magistrate Helen Onkwani.

He was released on a bond of Sh 2 million or a cash bail of sh 1 million.