Court slaps KUSCCO fraud suspects with Ksh10M and Ksh7M bonds
A Nairobi court on Tuesday, February 18, 2025, freed five persons accused of different charges including conspiracy to defraud Kenya Union of Saving and Credit Cooperatives Limited (KUSCCO) contrary to Section 317 of the Penal Code on Ksh10 million and Ksh7 million respectively.
Milimani Senior Principal Magistrate Dolphine Alego directed George Magutu Mwangi and George Otieno Ototo to pay a Ksh10 million bond or Ksh3 million cash bail each.
In his ruling, Magistrate Alego further ruled that the third person of interest George Ochola Owino should pay a bond of Ksh7 million or cash bail of Ksh3 million.
The fourth accused Jackline Atieno Omolo was released on a bond of Ksh10 million or a cash bail of Ksh3 million. The fifth accused person, Mercy Muthoni Njeru, was released on a Ksh7 million bond or a cash bail of Ksh2.5 million.
“And lastly accused number five Mercy Muthoni Njeru a bond of Ksh7 million with two sureties of similar amounts or a cash bail of Ksh2.5 million with three contact persons. These are the orders of this court, this ruling is ready in open court today February 18, 2025,” Magistrate Alego ruled.
Charges
In the first count, the five were charged with conspiring with intent to defraud by diverting money totalling Ksh82 million property of KUSCCO.
They were accused of engineering the scheme between October 2020 and April 2022 alongside others who were not present in court on Tuesday, February 18, 2025.
The charge sheet stated that the money was meant for the purchase of a parcel of land in Nairobi
In the second count, Magutu, Ototo, Owino and Jackline Atieno were accused that on diverse dates between October 9, 2020, and April 30, 2022, engaged in money laundering contrary to Section 3 (b)(i) as read with Section 16 of the Proceeds of Crime and Anti-money Laundering Act.
According to the charge sheet, all five were also accused of stealing by directors or officers of companies contrary to section 282 of the Penal Code.
In the fourth count, Magutu, Ototo and Jackline Atieno were accused of making a false document on October 6, 2020, contrary to section 347(a) as read with section 349 of the Penal Code for a sale of land.
On October 2020, the fourth accused Jackline Atieno was accused of forging agreement for the sale of land of Catherine Wanjiku Mbugua purporting to be genuine contrary to Section 353 of the Penal Code.
Magistrate Alego ordered all the accused persons to dispose of their travelling documents in court while announcing that the case pre-trial would take place on March 5, 2025.
Leave a Reply