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City detectives turn probe on G4S to unravel bank’s Sh14m ATM robbery

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No bullet was fired, no machines were broken into but Sh14 million was gone. As the puzzle of the Barclays Bank ATM theft deepens investigators have narrowed the analysis on two probabilities.

The robbers who stole millions of shillings from four ATMs belonging to Barclays Bank during the Easter holiday were so clever that they chose off-site machines, which would have taken time for the bank to discover that money had been stolen.

This comes as an initial forensic analysis of the four affected ATMs on Tuesday raised the amount of money stolen to Sh14 million from the initial Sh11 million.

This is after it emerged that the Kenya Cinema ATM lost Sh3 million during the heist. The other three ATMs lost a total of Sh11 million.

HIGH TRAFFIC AREAS

Offsite ATMs are not hosted next to or inside banking halls. They are located in high traffic areas where banks think they have a clientele base that would make financial sense.

On Tuesday, police turned their attention to G4S, the security group contracted to man the four ATMs, in order to understand how the money disappeared.

It is said the bank’s internal security unit, on being questioned by the police, attempted to absolve themselves from blame by saying all the ATMs that were robbed were under the jurisdiction and management of G4S.

READ ALSO:   Barclays Bank Sh14m ATM heist was an inside job – DCI Kinoti

They were, however, hard pressed to explain why the bank had not installed CCTV cameras at the Mutindwa ATM, an oversight that is likely to place the financial institution in trouble with its customers.

By Tuesday, detectives from the Cyber Crimes Unit at the Directorate of Criminal Investigations (DCI), who have taken over the investigations, had narrowed down to two theories on how the cash was stolen within three days.

“I can’t comment on an ongoing investigation, which has been taken over by another unit. All I can say is, investigations are ongoing,” Nairobi police boss Rueben Ndolo told the Nation.

However, a physical investigation on the ATMs showed that apart from the Kenyatta National Hospital (KNH) ATM, the rest had not been tampered with.

PHYSICAL TAMPERING

The ATMs at Mutindwa, Mater Hospital and Kenya Cinema were found to be in good condition with no evidence whatsoever of any physical tampering.

This has led detectives to believe that the ATMs might have been hacked into, by a cyber-crime ring that has become a headache to banking systems of late.

In order to evade detection, the robbers chose to strike during a holiday when there was very little movement of people.

Additionally, they chose to strike just after two of the ATMs had been reloaded with cash. This has heightened suspicion that someone on the inside must have tipped them off. On-site ATMs, which are located at banking halls, are loaded directly by the bank.

READ ALSO:   Barclays Bank Sh14m ATM heist was an inside job – DCI Kinoti

MONITORS CASH LEVEL

However, off-site ATMs, like the ones that were robbed, are loaded by the security company contracted to man them. The security company monitors the cash level inside the machine on a daily basis and then requests for money or technical assistance from the bank whenever required.

In case an off-site ATM needs to be reloaded, all the security company does is to make a requisition and then go pick the money. Like a day before the ATM at Mutindwa was robbed, G4S personnel had just loaded it with Sh7 million. Out of this, Sh6.2 million was discovered missing 24 hours later.

The bank has, however, declined to say how much money was in the four ATMs at the time of the robbery.

source:nairobinews

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Safaricom achieves 50pc female employees target

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Safaricom says it has achieved 50 percent share of female employees on its payroll, coming amid an increase in the number of direct and indirect jobs it sustained in the last financial year growing nine percent to 979,000.

This is according to the telco’s 2019 Sustainable Business Report released on Thursday in which the firm also announced a plan to plant five million trees in the next five years as part of a carbon offset programme.

“We have achieved a 50:50 gender balance among our employees and 34 percent of senior management are women. In addition, 2.1 percent of our staff are persons living with disabilities,” the report notes.

In the year under review, the firm says 178 women-owned businesses were pre-qualified under its Women in Business initiative.

The firm supports 167,083 M-Pesa agents, 433 dealers, 1,138 suppliers, 4,503 permanent employees as well as other stakeholders.

The company had a staff headcount of 6,323 (permanent and contract staff) as at March 2019, an increase from 6,130 in 2018.

The latest Sustainable Business Report also notes that the telco disciplined 78 staff in the last financial year, even as an earlier released annual report had indicated that Safaricom fired 31 employees in the year ended March 2019 over fraud.

READ ALSO:   Barclays Bank Sh14m ATM heist was an inside job – DCI Kinoti

“We consistently review our compliance with regulatory obligations, particularly those surrounding fraud, corruption and anti-money laundering legislation,” the report adds.

by nation.co.ke

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Business

Job Vacancy: Business Manager

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We are seeking an experienced Business Manager to lead and oversee the work of employees in our Optiven Construction company.  The eligible person will be responsible for ensuring the efficiency of business operations as well as setting strategic goals for the future.

Optiven Construction Company is based in Kitengela, Namanga Road, Acacia Junction, we are known to be the leading manufacturing company in construction items majorly Cabros, Hollow Blocks, Paving Slabs, Road Channels, Road Kerbs, Wall Copings, Culverts, Louvers, Fencing poles and many others.

The successful candidate will be a competent leader able to provide guidance that enhances performance in a manner which incorporates the company’s vision and culture. The goal will be to ensure the profitability of our company’s activities to drive sustainable development and long-term success.

Reporting to: Company Directors.
Location: Kitengela

Duties and Responsibilities

Business Development & Marketing

  • Developing business management goals and objectives that lead to growth and prosperity.
  • Designing and implementing business plans and strategies to promote the attainment of goals.
  • Maximizing new business development opportunities for the organization.
  • Gathering, analyzing and interpreting external and internal data and write reports.
  • Coordinating activities that affect operational decisions and business requirements.
  • Representing the company in meetings and events i.e. exhibitions, conferences, Activations and other construction or real estate projects.
  • Identifying and targeting areas in which a business can improve operation
READ ALSO:   Barclays Bank Sh14m ATM heist was an inside job – DCI Kinoti

Procurement Management

  • Maintaining relationships with vendors & suppliers.
  • Participating in purchases of materials and services required for production.
  • Ensuring effective purchases of raw materials without compromising quality & with price sensitivity.
  • Ensuring that the company has the adequate and suitable resources to complete its activities (e.g. material, equipment etc.)
  • Sourcing for bids and tenders & coordinating with internal departments for Supply.
  • Proposing the best technical and economic solutions (quality, cost & deadlines)
  • Communicating any changes in the order or delivery date to relevant parties.

Financial Management

  • Assessing overall company financial performance and report on daily sales and production.
  • Monitoring revenue margins, maximizing revenue through innovative sales practices and yield management programs.
  • Preparing financial projections, reports and targets and reporting to the directors on a Monthly at times weekly basis.
  • Advising management on financial related matters.

People Management

  • Ensuring adherence to legal rules and guidelines.
  • Determining hiring needs, overseeing assignment of employees and planning staff development.
  • Overseeing employees’ productivity.
  • Organizing and coordinating operations in ways that ensure maximum productivity.
  • Supervising the work of employees and provide feedback and counsel to improve efficiency and effectiveness.
  • Motivating, mentoring and providing direction to the team

Customer Relationship Management

  • Be fully conversant with the commercial and technical requirements of customers.
  • Discussing monthly customer complaint reports with the management and offer solutions.
  • Meeting existing and potential clients, identifying and gathering their specific needs at an early stage.
  • Securing the relationship with the clients until the achievement of their projects.
  • Be the face of company and day to day point of contact with clients in all regions.
READ ALSO:   Barclays Bank Sh14m ATM heist was an inside job – DCI Kinoti

Requirements: – Abilities, Knowledge and Skills

  • Bachelor’s degree in Marketing, Business Administration, Accounting, Finance, Economics or Civil engineering.
  • Great Exposure to Sales and Marketing Initiatives
  • Strong communication, organizational, presentation and negotiation skills
  • Ability to take ownership, working independently and meeting deadlines
  • Possess personal qualities of integrity, credibility, and commitment to company mission
  •  Ability to engage and motivate others.
  • Strong reporting skills.
  • Excellent in developing customer relationships and customer service
  • Professionalism, high level of maturity, good character with positive values

Applicants who meet the above criteria are required to send their applications torecruitment@optiven.co.ke with “BUSINESS MANAGER” being the subject of the email and with detailed CV,names & addresses of three referees.  Only shortlisted candidates will be contacted.

Note: We do not charge any fee for recruitment.

 

 

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DPP Haji now targets Keroche power couple with Sh14 billion tax evasion suit

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DPP Noordin Haji has ordered for the arrest and arraignment of Keroche Breweries directors Tabitha Karanja and Joseph Karanja for allegedly evading taxes amounting Sh14.45 billion since 2015.

In a statement to newsrooms, the DPP said investigations revealed that the directors could be culpable of 10 counts of tax fraud between January 2015 to June 2019.

The DPP said the KRA commissioner general submitted an inquiry file to his office on August 18 and an audit by KRA established that Keroche Breweries had evaded payment of tax tallying to Sh14,451,836,375.

The amount evaded, according to the DPP, included stamps valued at Sh329,424,019, Crescent Vodka brand valued at Sh135,402,950 among other products registered under the company.

The exercise duty evaded on the said products, according to KRA, amounted to Sh2,101,846,768 billion.

IN PUBLIC INTEREST

The DPP says that he is satisfied that there is sufficient evidence and that it is in the public interest to charge the suspects with 10 counts of tax fraud contrary to the Tax Procedures Act of 2015.

For more than a decade, Keroche has been battling with Kenya Revenue Authority over tax arrears the brewer owes the taxman.

In 2017, a three-judge Court of Appeal bench ruled that KRA had abused its powers by sending a tax demand of the three tax heads and penalties amounting to Sh1.1 billion through a letter dated November 29, 2006.

READ ALSO:   Barclays Bank Sh14m ATM heist was an inside job – DCI Kinoti

The ruling was the third in the 10-year battle in favour of the brewer, which gave them a fresh lease of life to the 20-year-old Keroche.

The letter was dismissed as unreasonable because it had come without an accompanying schedule of details of the said assessment and without proper notices.

The revenue authority had appealed an earlier decision by the High Court on July 6, 2007, where Justice Joseph Nyamu had prohibited the taxman from demanding the taxes, citing “abuse of powers”.

The taxman, who was also demanding an additional Value Added Tax of Sh305 million, was basing the tax bill on an assessment carried out in 2006, where some Keroche products had allegedly not been given the right classification, hence being subject to lower taxation.

by nairobinews

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