NAIROBI, Kenya, Oct 12 – The Directorate of Criminal Investigations (DCI) is probing a Chinese man accused of forgery and theft if Sh179 million.
According to the Banking Fraud Unit, the suspect is alleged to have orchestrated a scheme to siphon the funds from Weihai Construction Limited, a foreign-owned construction company.
A probe request to the DCI showed that the suspect used forged documents to open a fraudulent bank account and appoint himself as a director, enabling him to divert millions meant for government construction tenders.
The plot began to unravel during a routine company audit, which identified discrepancies in the bank accounts used to receive tender funds from government agencies. This triggered an alarm that led to a full-scale investigation.
Court documents and investigative reports state that the suspect with the assistance of proxies, presented alleged fake authorization letters bearing forged signatures of Weihai Construction’s legitimate directors to a local bank. Using these documents, he successfully opened a parallel company account.
According to statements now under investigation, the suspect presented alleged forged board meeting resolutions containing fake names of board members.
These resolutions fraudulently authorized the change of the company’s official payment account to the newly opened fraudulent one.
The scheme is believed to have been executed in 2020, while the company’s genuine directors were stranded in China due to COVID-19 travel restrictions.
In their absence, the suspect allegedly activated the fraudulent account and began diverting funds.
A subsequent forensic audit confirmed the fraud, revealing that the signatures used to open the account and authorize transactions were forgeries.
The case took another turn when he filed a disputed compensation claim of over Sh82 million, which he alleges represents expenses and unpaid salary owed to him.
The High Court has since frozen the account, preserving the remaining funds as the legal process unfolds.
The case is set to be mentioned on October 29.
