Three Arrested Over Sh22.4 Million SACCO Fraud Scheme

WHO: Detectives from Imenti North have arrested three suspects believed to be part of a criminal network involved in the theft of more than Sh22.4 million from a SACCO. The suspects include an ICT assistant officer and two other individuals alleged to have participated in the fraud.

WHAT: The suspects are accused of orchestrating a sophisticated financial fraud by manipulating the SACCO’s computerized systems and illegally transferring funds. Investigators say several accounts linked to the suspects and their associates were used to receive and withdraw the stolen money.

WHEN: The investigation gained momentum on June 4, 2026, following the arrest of one suspect. Further operations conducted on June 10, 2026, led to the arrest of three more individuals connected to the case.

WHERE: The arrests were carried out in the Imenti North area as detectives pursued leads linked to the disappearance of funds from the SACCO.

WHY: Authorities believe the suspects acted out of financial gain, exploiting their access to the SACCO’s digital systems to divert members’ savings for personal benefit. The alleged fraud has affected many SACCO members who entrusted the institution with their money.

HOW: Investigators say the suspects manipulated electronic financial systems and used multiple accounts to move and conceal the stolen funds. During the arrests, detectives recovered mobile phones and a company laptop that will undergo forensic examination as investigations continue. The suspects remain in custody awaiting court appearance, while detectives pursue other individuals believed to be involved in the scheme.