Former Kenya-Re boss Jackson Githaka risks a two-year jail term if he fails to pay a Ksh.15.2 million fine after being found guilty of illegally obtaining Ksh.7.26 million paid to Kenya Re by United Insurance Corporation.
In his ruling, Magistrate Felix Kombo stated that the State had proved the case of fraudulent acquisition of public property beyond reasonable doubt.
The court further heard that Githaka, the then Kenya-Re MD and Statutory Manager United Insurance Company wrote to Muriu Mungai and Co. Advocates on January 27, 2006 instructing them to release the 3percent commission of the sale price to an agent who was not specified.
Upon conclusion of investigations, the Director of Public Prosecutions (DPP) in 2009 directed that Johnson Jackson Githaka be charged with fraudulent acquisition of public property.