Former Kenya-Re boss Jackson Githaka facing jail term as court upholds conviction

Former Kenya-Re boss Jackson Githaka facing jail term as court upholds conviction

The High Court in Nairobi on Tuesday upheld the conviction and sentence of former Kenya Re-Insurance Managing Director Jackson Githaka in a Ksh.7.2 million fraud case.

Justice John Onyiego, while dismissing an appeal by Mr. Githaka, ruled that he was properly convicted and sentenced by the magistrate’s court.

Mr. Githaka was previously found guilty of the crime and sentenced to one year imprisonment and a mandatory fine of Ksh. 14.4 million; double the amount he was accused of illegally acquiring.

In his ruling in April last year, Magistrate Felix Kombo stated that the State had proved the case of fraudulent acquisition of public property beyond reasonable doubt.

Mr. Githaka was accused of illegally obtaining Ksh.7.2 million paid to Kenya Re by United Insurance Corporation. The payment was made under statutory management of Kenya Re-Insurance Corporation and was purported to be agency fees.

The court further heard that Githaka, the then Kenya Re MD and Statutory Manager United Insurance Company, wrote to Muriu Mungai and Co. Advocates on January 27, 2006 instructing them to release the 3 per cent commission of the sale price to an agent who was not specified.

3 per cent of the purchase price of Ksh.242 million amounted to Ksh.7,260,000.

Johnson Githaka used the commission to purchase Nairobi Block 90/298 situated in Loresho estate and registered in his name and that of his spouse.

The Ethics and Anti-Corruption Commission (EACC) established that there were no agents in the sale of United Insurance Towers as the process was through competitive bidding.