
Woman accused in KSh 1.5 billion Equity Bank heist allegedly laundered funds through microfinance firm
New details have emerged regarding Ruth Muthoni Kamau, who the Directorate of Criminal Investigations DCI accuses of masterminding a KSh 1.5 billion Equity Bank heist in 2024. Court filings suggest she used a proxy, Joel Mwangi Wainaina, to acquire a 49% stake worth KSh 478 million in Fanikisha Microfinance Bank, allegedly using stolen funds. The founder, Geoffrey Gathimbu, stated that Wainaina then "completely absconded," and Muthoni allegedly took de facto control, hijacked digital platforms, changed server access codes, and used the lender's banking infrastructure to move funds. She also allegedly purchased a KSh 96 million Runda mansion, a KSh 60 million stake via Sonara Capital, a Range Rover, and a Lexus. The share registry is now accused of being forged to dilute the real owner's stake. The DCI's Banking Fraud unit is investigating these developments. In other news, three suspects were arrested in connection with the murder of Dr. Victoria Nthunya Mutiso in a joint operation by the DCI across Nairobi and Kampala. Two suspects, Police Constable Bett Kiplangat Collins and civilian Pius Muiru Mbugua, were apprehended in Kampala, Uganda, and are being prepared for return to Kenya. PC Bett Kiplangat Collins is believed to have conducted surveillance and served as co-driver to Daniel Mwangi Njoroge, identified as a central figure in coordinating the operation. Separately, a tear gas canister was thrown at a Linda Mwananchi rally in Makutano, Meru, on August 30. Former ODM se



