Business

Ruto’s Associate Exposed For Planning to Defraud a Local Bank Sh 96 Million

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After wallowing in a Tanzanian prison for five years over money laundering claims, the life of controversial Kisii businessman Don Bosco Gichana who is actively engaged in political wheeler-dealership is still dogged with mind-boggling fraud cases.

Odibets

The businessman who first rose to meteoric fame in 2007 after he donated Raila a multi-million maroon hummer to be used during the campaign period, but later shifted camps after being released from a Tanzanian prison where he joined DP Ruto’s inner sacco has been mensioned in yet another elephantine fraud involving a local bank.

In the shocking revelations, Mr. Gichana’s blood sister Ms Gladys Moraa linked him to the whole deal when he appeared before court on October 5, 2021 where she was facing charges of fraudulently receiving over Sh96 million from Fina Bank Limited.

Ms Moraa who is a none-executive director of a construction company owned by Gichana which is accused of fraudulently receiving over Sh96 million from Fina Bank Limited (FBL), now Guaranty Trust Bank Kenya made the unsolicited expose after breaking down before Milimani Chief Magistrate Francis Andayi while defending herself.

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Gladys Moraa testifying in court

Ms Gladys Moraa of Malch Construction Company Limited told Mr Andayi that for the last 11 years, she has suffered economically and emotionally for an offence she did not commit nor benefit from.

She disclosed the fraud was hatched by her brother, Mr Don Bosco Gichana, and a former Fina Bank Limited manager, Mr Graham Sagwe, who has also been charged.

Ms Moraa told Mr Andayi the beneficiaries of the fraud returned the money, leaving a balance of Sh15 million upon the intervention of High Court Judge Mohammed Warsame before whom the case was placed for criminal review.

“As you stand here today can you tell this court whether you conspired with anybody to defraud FBL?”Mr Nyaribo(lawyer) asked Ms Moraa.

“No, I never and l have never conspired with anybody. It is my brother –Don Bosco Gichana — who called me a day before he and Mr Sagwe were charged telling me he has been arrested but he will handle it,” Ms Moraa replied.

When the fraud was detected by the Banking Fraud Unit of the Central Bank of Kenya, Ms Moraa said Sh58 million was intercepted and returned to the lender.

She also listed beneficiaries whom Malch had disbursed the money to.

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She revealed that her brother, who is the owner of the company, gave instructions how she and Mr Gwaru were to disburse the money.

“Your honour, as a none-executive director, I used to sign a whole cheque book but how monies were paid I don’t know,” Ms Moraa testified.

Led in her sworn defence by lawyers Ishmael Nyaribo and Danstan Omari, Ms Moraa said, “Malche has been willing and is still willing to return to FBL the balance of Sh15 million.”

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