Businessman charged with stealing over 80M from Highchem limited


A businessman has been charged with stealing over eight million from a company, Highchem Limited.

David Njau Wambugu is a accused of stealing 804,879 U.S dollars (equivalent to Sh 80,000,000), the property of Highchem Speciality Chemicals Limited limited and Highchem East Africa Limited.

Wambugu, who also a director of Highchem speciality is alleged to have committed the offence between 7th August 2012 and 26th April 2016 at Standard Chartered Bank Limited, Industrial Area branch in Nairobi.

He denied the charge before Senior Principal Magistrate Martha Mutuku.

He was released on a cash bail of Sh 500,000. The case will be heard on 4th April.