Home Court News Three people have been charged in court with Sh 14M Sacco fund.

Three people have been charged in court with Sh 14M Sacco fund.

by JT REPORTER

Yusuf Rashid, James Githito Gikera, Wilma Ajema Lweya and Francis Kariuki Kimaru were charged that on diverse dates between April 1, 2015 and May 30, 2017, in Langata Sub-County within Nairobi County, they jointly conspired to defraud H&M Sacco society Limited a total of Sh 14,806,623 by issuing cheques to one Yusuf Rashid to fraudulently withdraw money from a certain account number domiciled at Co-operative Bank belonging to H&M Sacco Society Limited.

Rashid was charged in another count with wealth stealing contrary to the law.

He was charged that on diverse dates between April 1, 2015 and May 30, 2017 at H&M Sacco Limited in Langata Sub-County, within Nairobi County, being the vice Chairman of H&M Sacco, they stole a total of Sh 14,806,623 the property of the said H&M Sacco Limited which came into his passion by of virtue of your employment.

They pleaded not guilty and were released on Sh 200,000 cash bail.

The matter will be heard on November 28, 2022.

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