A Chinese national, Xiao Kexian, was charged in a Nairobi court on Tuesday for allegedly stealing Sh9.2 million from his employer, a betting company run by businesswoman Anne Wangare Kinyungo. Xiao, who appeared at the Kibera Law Court, denied the charges and was remanded at the Industrial Area Remand and Allocation facility pending a probation report.
The charge sheet indicated that Xiao, along with others not present in court, stole the funds between June 1 and July 31, 2024. Police had been searching for him prior to his arrest on Monday. According to investigations, Xiao allegedly coordinated with other employees to carry out the theft, who have now been listed as witnesses.
During the court session, Xiao pleaded for his release, insisting he would not evade court proceedings, but was remanded regardless. The case is set for a mention on October 22 to address bail applications.
Authorities noted that similar cases of internal theft in the betting industry have been on the rise, with investigations still ongoing and more suspects potentially facing charges.
