Fraud is one of the most serious corporate problems, and challenges in today’s business environment. In the banking industry, many frauds are perpetrated through falsified payment instruments including computer fraud, Card fraud and Mail order fraud that’s commonly referred to as internet fraud.
Frauds in Kenyan banks only prove that financial liberalization aggravates the inherent tendency of shallow markets to foster excessive speculation and worsens the systematic consequence of such speculative activity.
Revelations of electronic fraud, evidence of insider trading and consequent collapse of investor interest have led to an almost unstoppable downturn in Kenyan banks.
Bank frauds concern all citizens. .
It is for this reason that Police officers are pursuing more than 100 suspects over electronic fraud by hacking into bank systems.
The DCI has revealed that arrest warrants for the suspects are already out.
“If you have any information about their whereabouts, kindly contact DCI – ECCU Section or at your nearest Police Station. You can also call or sms +254772627435,0203343412,(+254)20-2861097,” DCI tweeted.
Among the 92 suspects are Anthony Muigai Thuo, Nichodemus Msheleh Mumbo, Samuel Ndirangu, Wcycliff Agawo, Grace Wanjiru Kamau, Clement Tomb Ogunda and Mosese Karanja Mungai.
Others are Paul Wambua Kigondu, Joseph Mzungu Nyoka, Brian Kirui , John Gitonga Kamara, HIlda Wanjiku, Benson Myutua Iseu, Vincent Odhiambo Aoko, Benjamin Muchiri Ndungu, and Margret Muthoni Wanjiru.
Cases of electronic fraud have in the past been a big problem for banks to handle.
#WANTED|The following persons whose photos appear below are wanted by the @DCI_Kenya. If you have any information about their whereabouts,kindly contact @DCI_Kenya~ECCU Section or at your nearest Police Station. You can also call or sms +254772627435,0203343412,(+254)20-2861097. pic.twitter.com/c7afo7TCOd
— DCI KENYA (@DCI_Kenya) January 30, 2019