Kenya: Shares Broker Admits Stealing Sh200,000 From His Client in Murang'a

27 September 2011

A stock brokerage agent was yesterday charged in a Murang'a court with defrauding a client. James Mugo, an agent with Dyer abd Blair Investment Bank, allegedly stole the money from Hellen Wambui, a daughter-in-law of the late Eunice Wanjiru who had deposited the money.

Prosecuting, Police chief inspector Paul Gathara said Mugo had asked the late Wanjiru to deposit Sh200, 000 on December 21, 2006 at Equity bank in Kangema for purchase of Barclays Bank ordinary shares.

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