Nairobi, Sept. 18 -- An insurance broker has been charged with stealing, for withholding Sanlam Insurance premiums meant for reinsurance at Waica, Continental, Ghana and CICA Reinsurance companies.
Cecilia Bridgit Rague, CEO of Underwriting Africa Insurance Brokers was charged with stealing over Sh11.8 million in December 6, 2019 at NCBA Westlands Nairobi jointly with others persons not before court. She denied the charges.
The prosecution led by Anderson Gikunda said monies were entrusted to the accused for remittance as reinsurance premiums to Waica, Continental. Ghana and CICA.
Mr Gikunda said the accused was arrested on September 16 and held in custody and asked for hefty bail terms due to the nature of the crime.
"I have no instruc...