Trader charged with defrauding bank Sh54.7 million

A businessman who allegedly conspired to defraud a bank of Sh54.7 million has been charged before a Nairobi Court. 

Daniel Mwangi Mucheru was charged that on April 2, 2020, at an unknown place within the country, jointly with others not before the Court he conspired to defraud Guaranty Trust Bank Sh54.7 million.

The court also heard that he allegedly received the Sh54.7 million from the said bank on diverse dates between April 2 and May 29, 2020.

Appearing before Senior Principal Magistrate Benmark Ekhubi, the accused denied the charges and was detained pending bail and bond determination.

In the same court, Elius Kemboi Korir an NGO ex-official was charged with obtaining assorted shop goods from Kanduyi Investment Limited valued at Sh17.1 million.

The court heard that he pretended to be in a position to pay a fact he knew to be false.

He allegedly committed the offence on dates between August 11, 2022 and September 12, 2022.

He denied the charges and was released on a Sh2 million bond with an alternative cash bail of Sh500,000.

The case will be mentioned after two weeks.