Three Faulu Bank employees and five others have been charged with conspiracy to defraud Sh 150,000,000 through fraudulent auction.
The eight are accused of juicy conspiring with intent to defraud Alice Wanjiru Wamwea by means of fraudulent auction of her property LR NO.209/11315 in Huruma Estate worth the above amount.
The accused are Amos Mugweru Mwangi, Peter Kefa Onsongo (Faulu employees, Paul Mwangi Njuki, Robert Waweru Maina, Esther Muthoni Njoroge, Tom Jaseme (Faulu), Oksana Investment Supplies Limited and Antique Auctions Agency.
They are alleged to have committed the offence between 30th May 2015 and 28th March 2018.
Amos Mwangi is further charged with stealing Sh 22 million between 8th August 2014 and 11th April 2015 the property of Wanjiru at the Faulu Bank Head office in Nairobi jointly with others not before court.
Esther Muthoni is also accused of forging the signature of the complainant on Faulu Bank loan application form purporting it to be genuine.
However, Muthoni did not appear in court to answer to the charges and warrants of arrest were issued against her. The rest pleaded not guilty before Senior Principal Magistrate Kenneth Cheruiyot.
The property in dispute has two other cases in the High Court.
The court heard that the criminal case arises from failure to settle a debt of Sh 69 million on the said property.
Further, the court heard that Paul Mwangi and Oksana Investment are innocent purchasers of the property they bought at the bank’s auction.
The magistrate considered the fact there are other civil proceedings at the High Court and granted the accused persons a cash bail of Sh 100,000 each.
The case will be heard on 18th September.
