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Ex-EABL procurement director charged with stealing Sh243m

A former East African Breweries Limited (EABL) director of procurement was on Thursday charged in court with stealing more than Sh243 million from the beer maker. Aristide Brilliant Nkoumondo, a Cameroonian, is facing four counts of theft by servant, which carries a prison term of up to seven years if found guilty of the offence. He is believed to have embezzled the funds on four different occasions between April and October 2011. Investigators handling the matter claim that Mr Nkoumondo colluded with other persons to commit the crime but the charge sheets do not specify whether other employees were involved. "On April 6, July 6, July 18 and October 18, jointly with others not before court being an employee of East African Breweries, as a director of procurement, Aristide Nkoumondo stole Sh243,227,500 which came into his possession by virtue of his employment," the charge sheet reads. Mr Nkoumondo joined EABL in July 2008 from Nestle Ghana where he had been the supply chain d...
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EABL loses Sh240m claim against former top manager

  What you need to know: + High Court judge Joseph Sergon on Friday dismissed a civil suit EABL filed against its former procurement director, Aristide Nkoumondo. The judge ruled that EABL should have sued the shell company that Mr Nkoumondo allegedly used to illegally sell 2,500 refrigerators owned by the beer maker. The refrigerators were valued at Sh240 million. Mr Nkoumondo is accused of having embezzled the funds on four different occasions between April and October 2011 in collusion with other EABL employees who are yet to be brought to book. Beer maker East African Breweries Limited has lost a Sh240 million claim against an ex- employee whom it accused of using a shell company to steal from the firm. High Court judge Joseph Sergon on Friday dismissed a civil suit EABL filed against its former procurement director, Aristide Nkoumondo. The judge ruled that EABL should have sued the shell company that Mr Nkoumondo allegedly used to illegally sell 2,500 refrigerators owned by th...
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