Four directors of Kenya Union of Saving and Credit Cooperatives Limited (KUSCCO) and an advocate have been charged with conspiracy to defraud KUSCCO Sh 82,826,000.
The accused persons are George Mahutu Mwangi, George Otieno Ototo, George Ochola Owino, Jackline P. Atieno Omolo (advocates) and Mercy Muthoni Njeru.
It is alleged that the five conspired 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 five are alleged to have committed the offense on diverse dates between October 2020 and April 2022 jointly with others not before court.
The four directors are also charged with stealing the said money which got into their possession by virtue of their employment.
Mwangi, Ototo, Owino and Omolo are also facing charges of money laundering.
According to the charge sheet, the four are accused that on the above dates, with intent to dispose of, knowing or while reasonably ought to have known that the Sh 82,826,000 formed part of the proceeds of crime received from KUSCCO, entered into an agreement for sale of Land LR No.23269/35 in order to conceal/disguise the nature and source of the money through two accounts held at KCB and M Oriental Bank respectively both under the account name of Jackline P. A Omolo & Advocates whilst having reasons to believe that the said monies were proceeds of crime.
The accused persons are also facing charges of forging a sale agreement for the said land and uttering forged documents.
Ototo did not appear in court to plead to the charge leading to summons being issued against him.
They denied the charges before Senior Principal Magistrate Dolphina Alego.
The court will deliver the ruling on their release on bail on 18th February 2025.
