Dubai Bank directors Abdul Zubeidi and Professor Wilson Naadwa who are facing money laundering charges outside Milimani law courts building on Tuesday October 11, 2016.
BY SAM ALFAN.
Dubai Bank directors facing money laundering charges have accused the prosecution for delaying the hearing of their case.
The three former managers Abdul Hafedh Zubeidi, Ali iBashir Sheikh and Professor Wilson Hassan Nandwa argue that the actions by the prosecution to continuously adjourn the matter is unfair and keeps on infringing their right to a fair trial.
Their lawyer Abdallah Busaidy requested the court to dismiss the case claiming that the prosecution has failed to prove the case against them.
However the prosecution defended itself saying that the matter is being delayed by the Investigation Officer who has failed to bond witnesses to appear in court and testify.
Chief Magistrate Daniel Ogembo said the defense having not opposed previous adjournment applications by the prosecution; he will allow the prosecution the last adjournment.
“I will reluctantly grant the prosecution the last adjournment because they have sought for adjournment on several occasions unopposed,” said Ogembo.
The accused are said to have transferred over 12 million Shillings from the bank through a dummy company Runway Entertainment private limited in 2014.
The prosecution alleges that the trio knew the money was stolen from the bank through a process intended to conceal the origin of the money.
The Central Bank of Kenya placed Dubai Bank under receivership in August last year on grounds that there were serious cases of parallel banking, interference with client accounts and a large number of unsecured loans.
The three also face another count of failing to comply with the provisions of section 45 (i) of the Proceeds of Crime and Anti Money Laundering Act 2009.
All pleaded not guilty and were released on a cash bail of Sh3 million shillings each.
