Chase bank ex boss Mohamed Zafrullah Khan has been released on two Kenyan surety bonds of 30 million shillings each.
Senior principal magistrate Martha Mutuku has also allowed him to travel to the USA for treatment as earlier directed by the high court.
“The accused can travel abroad as per the order of the high court but he should deposit his passport in court within 30 days.
The magistrate also ordered the accused person not to leave the county without the permission of the court upon his return from treatment in the USA
Summons were also issued to the other seven accused persons who are charged alongside Khan but are yet to appear before court to plead to the charges.
Khan was yesterday charged with five counts of offences among them conspiracy to defraud chase bank 1.7 billion shillings, stealing more that 800,000 shillings from the bank and failing to comply with proceeds of crime and anti-money laundering Act.
The prosecution had objected his release on bond on grounds that he is a flight risk and owing to the seriousness of the offences he is facing, there is a likelihood to abscond.
Prosecutor Warui Mungai told the court that the accused is also being investigated in 5 other files involving money he might have misappropriated,” the prosecutor told the court.
The matter will be mentioned on July 3rd for directions.