High Court Judge, Justice Nixon Sifuna will today render his decision in a Criminal appeal filed by former investment manager Francis Moturi after he was convicted over the loss of Sh1.2 billion at NSSF.
A Magistrates court had in January 2022 found him guilty and sentenced him to 14 years in jail or pay a fine of Sh2.6 billion to secure his release.
The then anti-corruption magistrate Lawrence Mugambi found Moturi guilty of knowingly misleading the fund into making payments totalling Sh1.2 billion through irregular trading in shares through Discount Securities Limited (DSL).
His co-accused David Ndirangu and officials of DSL including Wilfred Mungoro (Finance Director) and Isaac Nyakundi were also found guilty of conspiracy to steal from NSSF through the purchase of shares.
Moturi was the head of the user department that was purchasing the shares.
He appealed his conviction which is coming up for judgment today.
