The former Kenya Union of Saving and Credit Cooperatives Limited (KUSCCO) Managing Director George Ototo has been charged with Sh 82,826,000 fraud.
Ototo is accused of conspiring with four others with intent to defraud by diverting the said money which was meant for purchase of a parcel of land LR23269/35 in Nairobi, a fact they knew to be false.
The accused person who has failed to appear in court last week to plead to the charges is alleged to have committed the offense on diverse dates between October 2020 and April 2022 jointly with others not before court.
The chair and other officials are also charged with stealing the said money which got into their possession by virtue of their employment.
Other charges against the accused person include money laundering and forgery.
He denied the charges before Senior Principal Magistrate Dolphina Alego.
The court will make a ruling on Ototo and co-accused persons’ release on bail on 18th February 2025.
Others KUSCCO official charged are George Mahutu Mwangi, George Ochola Owino, Jackline P. Atieno Omolo (advocates) and Mercy Muthoni Njeru.
