A bank heist probe, a bitter Sh478m fallout and a death shrouded in mystery
Detectives are actively investigating multiple claims relating to how the businessman died.
The late businessman Joel Mwangi Wainaina.
Businessman Joel Mwangi Wainaina, who was accused of being a proxy in a microfinance fraud case thought to involve Sh478 million, has died following a mysterious October 20, 2026 accident that also killed a mechanic.
Before his death, Mr Wainaina was, in the ongoing Fanikisha Microfinance court case papers, linked to Ruth Muthoni, one of the suspects in the 2024 theft of Sh1.5 billion from Equity Bank.
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