3 former Kenya Union of Savings and Credit Co-operatives (KUSCCO) have been charged in over Sh 3Billion scam.
The three are George Mugutu Mwangi, George Ochila Owino, lawyer Jackline P. Atieno Omolo and Mercy Muthoni Njeru.
According to the DCI officers, three of the suspects, who now face several charges, including conspiracy to defraud, were arrested in different areas within Nairobi County, while the fourth suspect was cornered in Nyeri County.
Besides conspiracy to defraud, the suspects also face other charges, such as theft allegedly committed by the directors and officers of companies, which is contrary to Section 282 of the Penal Code, and making false documents.
They appeared before Milimani Senior Principal Magistrate Dalpina Alego and denied the charges on Thursday this week.
Plea against George Otieno Ototo did not take place since he did not appear,he is expected in court on Tuesday,he is said to be a lawyer also.
They accuses are said to have conspired to defraud the financial institution by diverting Sh82,826,000, meant for the purchase of parcel of land LR23269/35 at Nairobi.
They are said to have 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 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.
They are said to have 6committed 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.
Ruling on bail will be Tuesday.
