A former Kenya Commercial Bank (KCB) operations manager has been sentenced to 12 years in prison or pay a fine of Ksh8.2 million by a Kakuma Court.
Shadrack Kipchelele was accused of stealing, fraudulent accounting, and false accounting by servant that resulted in the loss of Ksh22.7 million in 2020.
Kipchelele was convicted and sentenced on three accounts expected to run concurrently.
He was the operations Manager at KCB Lokichogio branch when the fraud took place.
Director of Criminal Investigations (DCI) launched investigations in April 2020 after preliminary investigations indicated that the bank lost close to Ksh22.7 million between October 2017 and March 2020.
According to the then County Criminal Investigations Officer for Turkana James Leila, Kipchelele was exposed after the top KCB investigator who was based in Nairobi reported the matter.
The anomaly of the bank was discovered by the new manager after doing surprise cash checks in the safe of the bank.
“The new branch manager discovered a total of Ksh22.7M was missing after checking the money inside the safe,” Leila stated.
Kipchelele had been working at the branch from 2013 to 2020 when the new manager was posted there.
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