Investigations
Ex-Kuscco Directors Advocate Charged With Sh82M Fraud
They are accused of conspiring to defraud the financial institution by diverting Sh82,826,000, meant for the purchase of parcel of land LR23269/35 at Nairobi.
Three former officials of the Kenya Union of Saving & Credit Cooperatives Ltd (KUSCCO) have been charged with conspiracy to defraud the institution of over Sh82 million.
The three alongside an advocate were accused of diverting the millions meant for the purchase of a parcel of land.
The accused persons included George Mugutu Mwangi, George Ochila Owino, lawyer Jackline P. Atieno Omolo and Mercy Muthoni Njeru.
They were presented before Milimani Senior Principal Magistrate Dalpina Alego and denied the charges.
Magistrate Alego issued summons against George Otieno Ototo, who failed to appear in court for plea taking.
They are accused of conspiring to defraud the financial institution by diverting Sh82,826,000, meant for the purchase of parcel of land LR23269/35 at Nairobi.
It is alleged that they committed the offence on diverse dates between the month of October 2020 and April 2022 l, jointly with others not before court.
The prosecution told the court that they entered into agreement for sale of Land LR No.23269/35 in order to conceal or disguise the nature and source of Sh82,826,000 through accounts no. 11020 and 1001 held at KCB and Oriental Bank respectively.
Both accounts were under the name of Jackline P. A Omolo & Advocates whilst having reasons to believe that the said monies were proceeds of crime.
The charge sheet stated that they committed the fraud on diverse dates between 9th October 2020. and 30th April 2022 with others not before court, with intent to dispose of, the money.
Magutu, Ototo and lawyer Omolo were further accused of making an agreement for sale of land LR No.23269/35 to make it appear authentic, with intent to deceive.
The prosecution alleged that they committed the offence on the 6th day of October 2020 with intent to defraud or deceive.
Lawyer Jackline Omollo was accused of knowingly and fraudulently uttering to Moses Adeli a forged agreement for sale purporting to be a genuine agreement for sale of Land LR LR No.337/1925 Machakos from Catherine Wanjiku Mbugua.
They will remain in custody pending a ruling on Tuesday next week, on whether they will be freed on bond.
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