A lawyer has been charged with money laundering after allegedly trying to dispose off Sh 6.7 million from a company in Bulgaria.
Stephen Juma Ndeda is accused of engaging in a transaction to conceal an amount of USD 52,490 (apprx Sh 6,797,455) through account number 55030130004234 in the names of Ndeda & Company Advocates whilst having reasons to believe that the said monies were proceeds of crime.
Ndeda is alleged to have committed the offense on 20th June 2023, at UBA Kenya Bank Limited, Upper Hill branch in Nairobi, with intent to dispose off monies received from a company named Algans Eood based in Bulgaria.
The advocate is also charged with forging a sale agreement for land parcel No. KJD/KEEKONYOKIE/ILKISUMET/3371, between Andrew Immanuel Simiyu as the vendor and Algans Limited as the purchaser, purporting it to be a genuine sale agreement signed by Simiyu as the vendor.
This offense was allegedly committed on or about 14th June 2023, at Ndeda & Company Advocates office situated at View Park Towers in Nairobi, with intent to defraud.
Lastly, Ndeda is facing a charge of uttering the forged sale sale agreement.
The court heard that the accused that he knowingly and fraudulently uttered to Calvins Gwaro Nyamwange the forged sale agreement at UBA Kenya Bank on 20th June 2023.
He denied the charges before Senior Principal Magistrate Boaz Ombewa and was granted a cash bail of Sh 700,000.