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Ex-Metropolitan Sacco officials charged over Sh14bn fraud
16 out of 19 Metropolitan National Sacco Officials have pleaded not guilty to the Charge of Conspiracy to defraud contrary to Section 317 of the Penal Code on May 26, 2026 at the Milimani law courts.
Former Metropolitan Sacco officials have been charged in court with conspiracy to defraud the sacco of Sh14.49 billion, marking the latest case of senior executives in the co-operative movement facing criminal prosecution.
The purge on the leadership of Metropolitan Sacco leadership, which draws a majority of its membership from teachers and civil servants, comes after the institution was last year declared technically insolvent.
