Kenya: Third Suspect Charged in Sh100mn International Fraud, Money-Laundering Case

Nairobi — A third suspect linked to an alleged cross-border fraud and money-laundering scheme involving more than USD 800,000 (Sh103 million) has been charged at the Kahawa Law Courts, expanding a case investigators say targeted a foreign investor through a coordinated criminal network.

Stephen Juma Ndeda, a director at Toureg Insurance Agency Limited, was on Monday arraigned before Senior Principal Magistrate Richard Koech, where he denied five counts — conspiracy to defraud, obtaining money…