An employee of Equity Bank has been charged in court with the theft of Ksh 800,000, raising serious questions about internal controls within the institution.
Ali Golicha, who serves as a teller at the Kiserian Branch in Kajiado County, is accused of stealing the funds on July 9, 2024.
According to the prosecution, Golicha allegedly took the money by exploiting his position as a bank employee. The allegations suggest that the stolen money was intended for legitimate banking transactions.
Magistrate Martha Nazushi presided over the case at the Milimani Law Courts. When charges were formally presented against him, Golicha denied any wrongdoing, asserting his innocence in the matter.
The court ordered that Golicha be remanded until tomorrow, where a ruling on his bail and bond status will be determined. The outcome of this ruling will dictate whether he remains in custody.
The case has garnered significant attention, highlighting the critical importance of vigilance and security within the Bank.
Earlier this month, Equity bank allegedly lost Ksh 1.5 Billion to fraudsters who had worked with internal staff to swindle the giant bank.
