A case in which a Chinese national is accused of orchestrating a major banking fraud against a construction company is set to kick off October 29, 2025 at the Milimani Commercial and Tax Division Court.
Zhensheng Liu is accused of plotting the sophisticated scheme that siphoned over KSh170 million from Weihai Construction Limited, a foreign-owned construction company.
According to probe request to the Directorate of Criminal Investigations (DCI) Banking Frauds Unit, the suspect allegedly used forged documents to open a fraudulent bank account and appoint himself as a director, enabling him to divert millions meant for government construction tenders.
The alleged fraud was unearthed during a routine company audit which identified discrepancies in the bank accounts used to receive tender funds from government agencies. After the discrepancy, the company initiated a full-scale investigation.
Court documents and investigative reports state that Mr. Liu, with the assistance of proxies, presented alleged fake authorization letters bearing forged signatures of Weihai Construction’s legitimate directors to a local bank. Using these documents, he successfully opened a parallel company account.
According to statements now under investigation, the suspect presented alleged forged board meeting resolutions containing fake names of board members. These resolutions fraudulently authorized the change of the company’s official payment account to the newly opened fraudulent one.
The scheme is believed to have been executed in 2020, while the company’s genuine directors were stranded in China due to COVID-19 travel restrictions. In their absence, Mr. Liu allegedly activated the fraudulent account and began diverting funds.
A subsequent forensic audit confirmed the fraud, revealing that the signatures used to open the account and authorize transactions were forgeries.
The case took another turn when Mr. Liu filed a disputed compensation claim of over KSh82 million, which he alleges represents expenses and unpaid salary owed to him.
The High Court has since frozen the account, preserving the remaining funds as the legal process unfolds.
The court will issue further directions on the proceedings on October 29, 2025.
