By John Peter
A Mount Kenya University student has been charged before the Milimani Law Courts over allegations of hacking and theft involving more than KSh7.8 million from Sidian Bank.
The accused, Collins Mutuma, appeared before the court on Monday, 27, October 2025, where he denied multiple charges of conspiracy to defraud, stealing and money laundering.
According to the charge sheet, Mutuma is accused of working with others still at large to unlawfully transfer Ksh7.8 million from various Sidian Bank customer accounts on January 11, 2025.
The prosecution told the court that part of the stolen funds was deposited into Mutuma’s Diamond Trust Bank account and later moved to other individuals through M-Pesa and bank transfers.
He also faces separate counts of stealing Ksh 471,302 from a customer identified as Peninah Karoki and dealing with funds alleged to be proceeds of crime.
Representatives from Sidian Bank — are listed as key witnesses in the case.
The court granted the accused a cash bail of Ksh 200,000 or an alternative bond of Ksh500,000, pending the hearing.
The case will be mentioned on a later date as investigations continue into the alleged cyber fraud scheme.
