A former company director facing Sh 350M fraud case,has been ordered to deposit his travel documents in court.
When the matter came for ruling today on whether to release him on bond,the accused Honey Khatwani was released on Sh 10million bond or a cash bail of Sh 5M.
He is also to add to his bail terms two sureties of similar amount.
Magistrate Dolphina Alego while releasing him on bail,directed that he deposit his travel documents in court so that he may not abscond.
Honey Khatwani has been charged that on diverse diverse dates between January 1, 2020 and June 30, 2024 at Barbado within Nairobi County being a director at OK I generate ready Limited you store US dollars 2,786,174.4 approximately 356,711,174.4 the property of OKI general trading Limited, which came into your position by virtue of employment.
Appearing before magistrate Dolphina Alego,Honey pleaded with the court to be released on favorable bond terms saying that he is not a flight risk and has a family in Kenya.
“Your honour,the accused is innocent until proven guilty,I pray that he be released on favorable bond terms,”added his lawyer Kennedy Echesa..
The prosecution urged the court to consider the amount involved while granting the bail terms since the money involved is huge.
The court was also urged to hold the travel documents of the accused saying that he could be a flight risk.
The defense said that the accused upon arrest was released on Sh 200,000 cash bail and requested the same to be upheld on this case.
Honey also complained that he was unwell and requested to be taken to the Avenue hospital.
