Nairobi, Sept. 22 -- A former manager of Insurance Company East Africa (ICEA), jailed for three years for stealing more than Sh62.7 million from his employer, has blamed his criminal act on "greed and young stupid mind".
Lincolin Kivuti Njeru, pleading for a non-custodial sentence, told probation officers that he regretted the theft through the collapsed Nyaga Stockbrokers and that he could have refunded the company the money if he were financially stable.
Milimani Law Courts chief magistrate Francis Andayi rejected the probation report and sent Mr Njeru to jail without the option of a fine.
Mr Njeru, 58, received the Sh62.7 million through Nyaga stockbrokers for sale of ICEA share investments and channelled the proceeds to his personal ...