Sh66M Scandal: Rongsheng Accountant James Githinji Muchira Arrested for Massive Fraud, Accused of Siphoning Millions to Personal Accounts!

An accountant at Rongsheng Technology Limited has been arraigned in court over allegations of stealing over Sh 66 million from the company.

James Githinji Muchira was arraigned before Chief Magistrate Susan Shitubi where the Investigating officer sought orders to detain him for another 10 days to conclude investigations.

Muchira is accused of fraudulently transferring Sh 13 million through Real Time Gross Settlement (RTGS) from Rongsheng Standard Chartered Bank to his Sharely Logistics Company account at Family Bank of Kenya.

Inspector Silas Owenga of the DCI Banking Fraud Investigations Unit stated that Muchira is alleged to have committed the offense on 19th February 2025.

“The respondent is believed to have also diverted company’s fund amounting to Kes 66,708,867 to his different accounts and there is need for an audit to be conducted,” IP Owenga.

According to his affidavit, the investigator claims that the accountant is believed to have altered different transactions for his benefit.

The court heard the Thika resident was arrested at his hid out on 19th day February 2025 in Thika town by police officers from Central Police Station before being handed over to the BFIU.

According to the police, Muchira is a flight risk since he allegedly disappeared from work upon commission of the offense.

The police need more time to obtain documentary evidence, electronic evidence, transaction logs from Standard Chartered Bank Chiromo branch for the date of 19th February 2025 to facilitate investigations.

In addition, the officers believe that the respondent was involved in the alleged offence and his release before obtaining documentary evidence, electronic evidence, and recording crucial witness statements may greatly jeopardize the intended recoveries and he is likely to interfere with the witnesses.

The magistrate will deliver the ruling on 24th February 2025.