Nairobi, Sept. 7 -- The Directorate of Criminal Investigations (DCI) has called for the prosecution of a former bank executive for allegedly using a dead company to grab a Sh3 billion parcel of land in Nairobi's Runda as a battle for the prime property rages in court.
The detectives reckon that Francis Ng'ang'a, a former general manager at collapsed Rural-Urban Credit Bank, forged documents to takeover Williams & Kennedy Limited in 1983 and claimed the buyout gave him ownership of the 16.7 acres land.
The DCI, in a report for the Attorney General and seen by the Business Daily, says Mr Ng'ang'a and his wife Amy Kagendo fraudulently transferred the shares of Williams & Kennedy Limited to themselves and created a title to show the company o...