The case in which four officials of Kenya Union of Saving and Credit Cooperative (KUSCCO) are charged with stealing Ksh 82.8 million will proceed on June 23, 2025.
When the matter came up for mention in the absence of the accused persons on Monday, Milimani senior principal magistrate Dolphina Alego directed the matter will proceed for three consecutive days,
“The purpose for today’s mention was to confirm the suffice of documents. The hearing of the matter will also proceed as scheduled from June 23 to 25, 2025, for completion,” the magistrate directed.
The magistrate also directed the accused persons must avail themselves physically in the open court during the hearing of the case.
Defence team who were represented by Apollo Mboya confirmed before the court that the documents were sufficed to all counsels representing the accused persons and they are preparing for the hearing,
“Your honour I confirm the prosecution supplied all the required documents and statements to all counsels representing the accused persons,” Mboya confirmed before the court.
(KUSCCO) former national managing director David Magutu Mwangi, George Otieno Ototo, George Ochola Owino (former finance manager), Mercy Muthoni Njeru and Jackline Atieno Omolo (former legal officer) were charged with the offence of stealing the said money property of KUSCCO.
They were released on varying bond terms ranging between Ksh 10 million and Ksh 7 million.
They are facing nine counts of fraud, stealing, money laundering, making of false documents and uttering false documents.
Mwangi, Ototo, Owino and Muthoni have denied that being directors of KUSCCO stole Ksh 82 ,826 000 between October 9 2020 and April 30 2022.
The five are also charged with money laundering. They are accused of entering into a sale agreement for the purchase of land at a cost of Sh82.8m knowing the said were proceeds of crime irregularly acquired from KUSCCO.
The said Ksh 82.8m was held in the account of advocate Jackline Omolo & Company Advocates at KCB and M Oriental Banks respectively.
The accused are said to have known that the money were proceeds of crime.
The five were also charged that on diverse dates between October 2022 and April 2022, jointly with others who were not before the court conspired to steal by diverting money totalling 82,826,000 property of KUSCCO meant for purchase of land LR23269/35 at Nairobi within the republic of Kenya.
The five denied that they laundered money laundering contrary to Section (3)(b) (i)as read with Section 16 of the Proceeds of Crime and Anti-Money Laundering Act.
The charge states that on diverse dates between October 9, 2020 and April 30, 2022, with others not before the court at Nairobi within the republic of Kenya with intent to dispose of, knowing or while reasonably ought to have known that the said money formed part of the proceed of crime received from KUSCCO entered in to agreement for sale of the land in order to conceal the nature and source of the money in the accounts held at Kenya Commercial Bank KCB and M Oriental Bank under the account name of Jackline P.A Omolo & Advocates whilst having reasons to believe that the said monies were proceeds of crime.
In another charge, they were accused of stealing by directors and officers of the company and making of false documents which is against with the law.
They were accused of making and uttering an agreement for sale of the land LR 23269/35 to make it appear authentic a fact which was false.
Separately, at an unknown time but the same period, the lawyer Ms Omolo uttered to KCB Bank University Way Branch a forged agreement for sale of the land LR 23269/35 of Catherine Wanjiku Mbugua purporting it to be genuine.
They denied all the nine charges levelled against them by the prosecution.
The hearing will commence on June 23 for three consecutive days.
