- DCI investigating Chinese national Zhensheng Liu over alleged KSh170 million fraud.
- Liu is accused of opening a fake bank account in the name of Weihai Construction Limited.
- Funds meant for the company were allegedly diverted for months before discovery.
- Investigators say forged documents and fake signatures were used to legitimise the account.
- The case is currently under DCI’s Banking Fraud Unit and set for mention on October 29, 2025.
The Directorate of Criminal Investigations (DCI) has launched a major probe into a suspected multimillion-shilling fraud involving a Chinese national living in Kenya. The suspect, Zhensheng Liu, is believed to have conned Weihai Construction Limited of over KSh170 million.
According to reports, Liu and his accomplices allegedly forged documents to open a parallel bank account using the company’s name. The account was then used to receive tender payments meant for the firm, effectively redirecting millions without the directors’ knowledge.
The scam reportedly went unnoticed for several months until an internal audit revealed inconsistencies in the firm’s financial records. The audit showed that payments from clients had been diverted to an unfamiliar bank account, sparking suspicion among company executives.
Investigators later established that Liu had presented fake authorisation letters and forged board resolutions to the bank. The signatures on the documents were later found to belong to officials who were in China at the time, unable to travel due to COVID-19 restrictions.
The DCI’s Banking Fraud Investigations Unit is now handling the matter, with handwriting and signature experts examining the documents used to open the fake account.
A source close to the case revealed that the company’s legitimate bank accounts have since been frozen by court order pending further investigation. The alleged fraud is believed to have taken place in 2020, at the height of the pandemic, when most operations were disrupted.
The case will be mentioned in court on October 29, 2025, as detectives finalise their findings. If found guilty, Liu and his associates could face charges of fraud, forgery, and theft by servant under Kenyan law.
The DCI has not ruled out the possibility of more arrests as investigations continue into what could be one of the largest corporate fraud cases involving foreign nationals in Kenya.
