This archive report was first published on 3 July 2019.
On July 3, 2019, Insurance Crime detectives attached to the Insurance Regulatory Authority (IRA) arrested a Nairobi businessman, Anthony Maina Kiama, for attempting to defraud Sanlam General Insurance of over 200 million shillings.
According to the investigative team, Kiama had lodged a Kshs 204 million claim with Sanlam General Insurance, purporting that Afroplast Industries based in Thika had lost its manufacturing machines in a fire incident last year.
However, investigations established that the machines destroyed in a fire incident in Thika belonged to a different entity registered as Josmak Company Limited.
IFIU detective Peter Ewoi confirmed that the necessary files had been forwarded to the Office of the Director of Public Prosecutions (ODPP) for direction.
Sanlam Kenya Group CEO, Patrick Tumbo, welcomed the investigative breakthrough and stated that the firm has enhanced its internal fraud management systems to guard against the growing cases of fraudulent claims.
“Fraud is an industry-wide problem that continues to reduce operational profit and erode shareholder returns, and we appreciate the support from IFIU,” Tumbo said.
