A member of Mhasibu Sacco Society Limited has been charged with obtaining Sh 4.8 million credit by false pretenses and money laundering.
Andrew Okoth Onanda is accused of incurring a liability to the sacco amounting to Sh 4,893,000 by falsely presenting Cooperative Bank cheque deposit slips, purporting to be offsetting preceding loans whereas he knew the source bank account had insufficient funds.
Onanda is alleged to have committed the offense on diverse dates between 30th June and 7th July 2023 at an unknown place within Nairobi County, by virtue of being a member of Mhasibu Sacco.
The accused is also facing two counts of money laundering committed between 30th June and 10th July 2023.
According to the charge sheet, Onanda, through his Safaricom number, knowingly obtained Sh 1,821,700 from the Sacco being proceeds of crime, used part of the proceeds and transferred some of the amounts whose effect assisted in disposition and concealment of the source.
The court also heard that the accused knowingly obtained Sh 922,930 from the sacco, being proceeds of crime, used part of the proceeds and transferred some of the amounts whose effect assisted in disposition and concealment of the source.
Onanda denied the charges before Principal Magistrate Gilbert Shikwe and was granted a cash bail of Sh 800,000.
