Albert Karakacha, Daniel Wekesa, Michael Ng’ang’a, Ruth Wangari, Antony Githinji, Hilda Wambui, and Lameck Gisore appeared before Principal Magistrate Paul Mutai, where they collectively denied the charges brought against them.
The allegations state that on various dates between April 26, 2024, and August 13, 2024, within the Republic of Kenya, these individuals, as representatives of an insurance company, conspired with one another and with additional parties to defraud policyholders of premiums from the 27 branches of Invesco Assurance Company Limited.
Invesco Assurance Company: Seven Staff Members Charged with Massive Sh 300M Fraud
It is claimed that funds were unlawfully and irregularly transferred to the Complaint Insurance Agency’s account at M Oriental Bank, Sameer Park Branch, in direct violation of the Insurance Act. Furthermore, they face an additional charge of committing insurance fraud.
Among the accused, Karakacha, Wekesa, and Ng’ang’a hold key positions as the Director, Chief Finance Officer, and Senior Accountant of Invesco Assurance, while the remaining four are associated with the Complaint Insurance Agency Limited. Following their arraignment, they were granted release on a cash bail of Sh 300,000.
