DCI Probing Chinese National for Allegedly Forging Documents to Steal Over Ksh170 Million
The Directorate of Criminal Investigations (DCI) is probing a Chinese national accused of masterminding a multimillion-shilling fraud targeting a foreign construction company in Kenya.
According to investigators, Zhensheng Liu, a Chinese national based in Kenya, allegedly defrauded Weihai Construction Limited of over Ksh170 million. The DCI’s Banking Fraud Investigations Unit is leading the inquiry into the elaborate scheme.
Forged Documents and Fake Authorization
Liu and his accomplices allegedly forged documents to open a new bank account with a local financial institution. Through this fraudulent account, they reportedly diverted company funds from legitimate tender payments.
The alleged theft went unnoticed for months until an internal audit exposed irregular transfers. The audit showed that funds meant for Weihai Construction Limited had been redirected without the knowledge or approval of its directors.
DCI Examines Fake Board Resolutions
Investigators revealed that Liu allegedly presented forged authorization letters and fake board resolutions to the bank. These documents contained falsified signatures of company directors, giving the appearance of legitimate approval for the account change.
The DCI is analyzing the alleged forged documents and the fake signatures used to authorize withdrawals totaling more than Ksh170 million. The court has since frozen the suspect’s bank account pending further investigations.
Fraud Linked to COVID-19 Travel Period
Preliminary findings show the fraud took place in 2020, during the COVID-19 pandemic, when the company’s real directors had traveled to China. Liu allegedly took advantage of their absence to execute the scheme undetected.
The DCI has confirmed that the case will be mentioned in court on October 29, 2025, for further directions.
