A progressive Credit Limited employee, his spouse and sister-in-law accused of conspiring to steal over Sh 30.9 million from the lender have been granted bond.
Francis Masai Musyimi, his spouse Mercy Mbinya Muthoka, his sister-in-law Charity Maua Muthoka who is also a Judicial employee, are accused of jointly conspiring and committed a felony namely stealing of Sh 30,998,000, the property of Progressive Credit Limited.
The three have been in custody for pending the ruling on their release on bail.
Senior Principal Magistrate Ben-Mark Ekhubi released Musyimi and his spouse on a bond of Sh 5 million each without the option of a cash bail.
Charity Maua Muthoka who is a judicial staff based in Nyeri was granted a bond of Sh 3 million with alternative cash bail of Sh 800,000.
The three are charged alongside Nicholas Muia Kyengo, another Progressive Credit Limited employee who failed to appear in court to plead to the charges. A warrant of arrest was issued against him.
The four are alleged to have committed the offense on diverse dates between 12th April 2022 and 18th July 2024 in Nairobi.
Musyimi’s spouse, Mercy Mbinya Muthoka is facing a solo charge of stealing Sh 15,499,000 from the lender between the above dates.
The couple (Musyimi and Mercy) are also charged with money laundering.
It is alleged that the duo engaged in an arrangement and stole from Progressive Credit Limited, cash which they utilized towards purchase of a motor vehicle while you reasonably knowing that the property formed part of proceed of crime.
The two also have an alternative charge of acquisition of proceeds of crime.
According to the charge sheet, the couple acquired from the lender Sh 850,000 while knowing the said money formed part of proceeds of crime and utilized it to purchase the vehicle – a Toyota Caldina.
