A Nairobi court has allowed prosecution to use several Standard Chartered Bank statements showing the transactions between the lender, Kenya Pipeline Company (KPC) and a company at the center of Sh1.6 billion graft case involving former KPC boss Shem Ochuodho.
Milimani Chief Magistrate Douglas Ogoti allowed a prosecution witness to table bank documents in the case despite opposition from the former KPC managing director Ochuodho and a director of Triple A Capital, who are accused of defrauding KPC the millions.
In the case,
Ochuodho is charged alongside the chairman of the board directors of KPC and Directors of Triple A Capital Limited, Janice Theresia Wanjiku Kiarie alias Terry Wijenje.
John Gichia Macharia, the son of SK Macharia died in April 26, 2018 was also a director of the company but he died when the case was still pending.
Prosecution alleges that on diverse dates between May 2003 and July 2004 in Nairobi Ochuodho jointly with other board member’s conspired to defraud KPC of Sh 827, 564, 608,20.
They are accused of entering into a refinancing arrangement which required KPC to pay Triple A Capital Limited Credit charges amounting to Kshs, 827, 564,608,20 on account of Triple Capital Limited paying KPC’s international Creditors amounts owed by KPC, whereas Triple A Capital Limited had no money to pay the said creditors.
Hearing continues tomorrow.
