H&M Sacco official, three others charged over Sh 14 million theft

From (R-L)Yusuf Rashid, Wilma Ajema Lweya and Francis Kariuki Kimaru in court where they denied conspiring to defraud H&M Sacco Sh 14.8 million. Photo/Courtesy

The Vice Chairman of H&M Sacco Society Limited, a civil servant and two others have been charged with conspiracy to defraud the Sacco of Sh 14.8 million.

Yusuf Rashid, James Githito Gikera  and Wilma Ajema Lweya and Francis Kariuki Kimaru are accused of conspiring to defraud the Sacco a total of Sh14,806,623 by issuing cheques to one Yusuf Rashid to fraudulently withdraw money from an account domiciled at Co-operative Bank belonging to H&M Sacco.

The four are alleged to have committed the offence between 1st April 2015 and 30th May 2017 in Langata within Nairobi.

Rashid is solely charged with stealing the said money from the H&M Sacco.

A warrant of arrest was issued against James Githito Gikera for failing to appear in court for plea taking.

The rest denied the charges before Chief Magistrate Wendy Kagendo and were granted a cash bail of Sh 200,000 each.

Their lawyers requested the court to give them time to settle the matter out of court since the process had already started. The court heard the accused persons have already paid Sh 4 million.

The matter will be mentioned in a month’s time when the accused persons are expected to update the court on the progress.