DCI probing Chinese national for allegedly forging documents to steal over Ksh.170M

A Chinese national based in Kenya is under investigation by the Banking Fraud Unit of the Directorate of Criminal Investigations (DCI) for allegedly defrauding Weihai Construction Limited, a foreign construction firm operating in the country, of over Ksh.170 million.

The suspect, Zhensheng Liu, together with his accomplices, is accused of forging documents to open a new bank account with a local financial institution, through which he allegedly diverted multi-million-shilling tender funds.

The suspect allegedly continued to siphon money from the company’s accounts undetected, until an internal audit uncovered the anomaly.

The report revealed that funds intended for the company had been diverted to a separate account at a local bank without the knowledge or authorization of the company’s directors.

According to statements and documents seen by Citizen Digital, the suspect, Zhensheng Liu, allegedly presented forged authorization letters bearing fake signatures to a local bank as proof of legitimacy.

The DCI’s Banking Fraud Investigations Unit is probing alleged forged board resolutions, purportedly drawn up by fictitious board members, authorizing the change of the company’s payment account to the fraudulent new account.

The DCI is also analyzing the signatures of the company’s directors that were allegedly used to open the fraudulent account and later withdraw close to Ksh.170 million. The company’s bank account has since been frozen by the court.

Investigations indicate that the alleged fraud occurred in 2020, at a time when the genuine directors had traveled to China following the outbreak of Covid-19.

It was during this period that the suspect is believed to have exploited the opportunity to open a parallel local bank account and siphon millions of shillings.

The case is set for directions on October 29, 2025.