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TUK students arrested over KES 30m theft at Equity bank

21 October 2015, 16:42 Joseph Njung'eh

Nyeri - Nyeri police have arrested three university students and a form four leaver in connection to KES 30.9 million robbery at Equity Bank.

The students aged between 23 and 26 were nabbed in Nairobi.

Othaya OCPD, Joseph Mwika said the three; Justine Mutua, Dennis Kimathi and Phineas Mutwiri are all students of Technical University of Kenya.

He said the other suspect, 21-year-old Gregory Gichuru was also arrested together with the rest in Nairobi.

Read Also: Fake auditors steal KES 30 million from Equity bank Othaya branch

Mwika said the four suspects were working for a company that had been licensed to register SIM cards from top telecommunication service providers.

However, the company is reported to have been registering SIM cards fraudulently and later using them in money laundering schemes.

“We are still investigating the matter concerning the SIM cards used to call officials of the bank before the robbery. Police recovered thousands of SIM cards, mobile phones and computers from the suspects in the operation,” said Mwika.

Three Othaya Equity bank officials have already been charged in court.

Mwika added that the stolen money is yet to be recovered.

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