A son of former powerful Minister Simeon Nyachae who is also the Development Bank of Kenya (DBK) Chairman Michael Moragia Nyachae was Friday charged with theft of Sh1.2 million.
The businessman was accused of allegedly stealing the money from his family’s business, Sansora Group Limited.
The 62-year-old man was alleged to have stolen the money over a span of close to two years in Kisii.
“Michael Moragia Nyachae diverse dates between 28th March, 2019 and 28th day of September, 2021 at Kisii County within the Republic of Kenya, stole Ksh.1,226,036/=( one million two hundred and twenty-six thousand and thirty six), the property of Sansora Group Limited,” the charge sheet reads in part.
Moragia, brother of the former East African Court of Justice (EACJ) Judge Charles Nyachae, was arrested on Thursday at Chepilat, Bomet County and detained at the Kileleshwa police station in Nairobi. He had been trailed from Kisii town before his arrest.
This followed the decision by the Director of Public Prosecutions, Renson Ingonga, to press theft charges.
Ingonga, in his directive, said that he had found there was sufficient evidence to make a case against Moragia following a complaint by the company.
The criminal case stems from a probe by the Directorate of Criminal Investigations (DCI) that has taken three years.
The DCI had recommended, among others, that he should also face money laundering charges.
However, the DPP, in response, directed a further probe into it, saying some areas needed sealing.
“I have noted that there are gaps that need to be addressed as appertains to the charges that were to be instituted against the suspect under the Proceeds of Crime and Anti-Money Laundering Act No. 9 of 2009 and Forgery,” DPPs response to the DCI reads in part.
In court, the DPP did not oppose Moragia’s release on bail.
Milimani Court Principal Magistrate Caroline Nyaguthii released him on a Sh 200,000 bond or Sh 50,000 cash bail.
The case will be mentioned on September 29, 2026.
Some family members are embroiled in disputes over succession after the death of the senior Nyachae.
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