Kenya High Court Blocks Prosecution of Co-Op Bank CEO Gideon Muriuki

The High Court has temporarily stopped the prosecution of Co-operative Bank of Kenya and its Chief Executive Officer Dr Gideon Muriuki over the alleged Sh363.3 million fraud at First Assurance Investment Company. Justice Gregory Mutai issued interim conservatory orders restraining the Director of Public Prosecutions (DPP) and the Director of Criminal Investigations (DCI) from arresting, charging, presenting for plea or prosecuting Co-op Bank and Muriuki in the case. The orders also suspend proceedings in Milimani Chief Magistrate's Court Criminal Case No. E451 of 2026, Republic v Salim Mohammed Busaidy & six others, as well as any other criminal proceedings arising from the investigations against the bank and its CEO. The High Court issued the orders today after Co-op Bank and Muriuki filed a petition and applications dated August 6. The respondents and interested parties have been given 14 days after service to respond. The matter will be mentioned on October 12, 2026, to confirm compliance and give further directions. The case is linked to investigations into the alleged theft of Sh363.3 million from First Assurance Investment Company, involving the company's directors. Read the original article on Capital FM . AllAfrica publishes around 600 reports a day from more than 90 news organizations and over 500 other institutions and individuals , representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica . To address comments or complaints, please Contact us . AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 600 news and information items daily from over 90 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC. Get the latest in African news delivered straight to your inbox By submitting above, you agree to our privacy policy . We need to confirm your email address. To complete the process, please follow the instructions in the email we just sent you. There was a problem processing your submission. Please try again later.