Four employees of Kaluworks Limited have been arraigned in court following a detailed investigation into a sophisticated corporate fraud scheme that saw the company lose over Ksh. 31 million.
According to the Directorate of Criminal Investigations (DCI), the suspects – Esbon Wamathu Wandugo, Albert Kiptanui Kosgei, Mary Wamoyo Muriuki, and Godfrey Otieno Owino – allegedly carried out the elaborate fraud between January 2024 and September 2025 within Makadara, Nairobi County.
All four held positions of trust and were entrusted with managing the company’s finances.
Investigators revealed that the suspects falsified accounting records, deliberately omitting key details from payment vouchers, cashbooks, and ledger accounts.
These actions misrepresented the company’s financial position, allowing the group to siphon and launder funds over an extended period without immediate detection.
“The suspects took deliberate steps to conceal and disguise the illicit proceeds,” the DCI statement noted. “The stolen funds were moved into personal and third-party accounts to obscure their origin and ownership, a classic layering tactic associated with money laundering.”
The investigation highlighted the critical role of internal controls and forensic accounting in safeguarding corporate finances. It also underscores that financial crimes, however complex, leave trails that can eventually be uncovered.
The four suspects face multiple charges, including money laundering under the Proceeds of Crime and Anti-Money Laundering Act (POCAMLA) No. 9 of 2009, acquisition of proceeds of crime, stealing by servant, and false accounting by servant.
They were released on a cash bail of Ksh. 500,000 each, with one surety of a similar amount or a bond of Ksh. 3 million.
The case is scheduled for a pretrial mention on March 5, 2026.
The DCI emphasized that the case serves as a reminder that positions of trust must never be exploited.
“Economic crimes erode institutions, destabilize businesses, and threaten livelihoods,” the statement read. “Through diligent investigation and unwavering resolve, justice will take its course.”
This case marks one of the most high-profile corporate fraud investigations in Nairobi in recent years, reinforcing the message that accountability and transparency in corporate governance remain non-negotiable.