Milimani Chief Magistrate Susan Shitubi allowed the banking fraud unit of police to detain a suspect in Ksh 1.5 billion money heist at Equity Bank for 10 days to conclude investigations.
The suspect John Karima Wainaina was arrested by detectives at Jomo Kenyatta International Airport moments after jetting back from China.
He allegedly went into hiding after receiving part of the loot in hard cash.
Wainaina, was arrested on November 9 at JKIA, after being under surveillance by.
He is believed to be part of a syndicate involved in bank fraud and money laundering, using insider connections to infiltrate the bank’s IT systems.
His arrest follows a series of investigations, which also led to the capture of David Machiri Kimani, an Equity Bank manager implicated in processing fraudulent transactions amounting to nearly Ksh 1.5 billion before the funds were transferred to rival banks.
Police seek to retrieve critical evidence, including emails, text messages and CCTV footage, as part of the ongoing investigation.
