In a kind of theft perceived to have cost the African Country of Kenya billions, a man has been charged in Kenya with hacking into the country's revenue authority and stealing four billion shillings ($39m; £31m).

According to Ceoafrica, Alex Mutunga Mutuku, who is accused of electronic fraud, pleaded not guilty.

The prosecution alleges that he is part of a wider network that is stealing money from several high profile Kenyan institutions and companies.

However, Prosecutor, Edwin Okello, said that “The information we have is just a tip of the iceberg. The racket is big and involves people outside the country”.