Mhasibu Sacco Society Member charged with Sh 4.8M fraud.

A member of Mhasibu Sacco Society has been charged with Sh 4.8M fraud.
Andrew Okoth Onanda was charged before Magistrate Gilbert Shikwe for fraudulently obtaining Ksh 4.8 million from Mhasibu Sacco Society purporting to be offsetting Preceding loan.
According to the Charge sheet, Andrew Okoth on diverse dates between June 30 and July 7, 2023, by virtue of being a member of Mhasibu Sacco Society Ltd, incurred a liability from the Sacco amounting to Ksh 4,893,000 by falsely pretending Cooperative Bank Cheque purting to be offsetting a loan.
He was also charged with money laundering where the prosecution alleged that on diverse dates between June 30, and July 10, 2023, through his mobile number subscriber knowingly obtained Ksh 1,821,700 from the Sacco being proceeds of Crime.
He is said to have transferred the alleged illegally obtained money to other accounts hence assisting in disposition and concealment of the source.
Further, he was charged with illegally obtaining Ksh 922, 930 from the Sacco being proceeds of crime and using some amount and transferred the rest making it close to impossibility to trace the source.
He denied the charges and was released on Ksh 2 million bond with an alternative cash bail of Ksh 800,000.