FAMILY BANK MANAGERS CONTEST MONEY LAUNDERING CHARGES.

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Nancy Njambi Senior family bank manager attached to KTDA branch who pleaded not guility to charges of abetting money laundering on Friday December 20 ,2016.

BY SAM ALFAN.

Family Bank Operations  manager attached to KTDA branch Nancy Njambi has pleaded not guilty  to charges of abetting money laundering.

She becomes the eighth manager to be charged with similar charges.

Njambi is charged alongside  Chief executive officer Peter Munyiri , Peter Mindoro,  Oscar Nyasa, Charles Kamau Thiongo,  Raphael  Mutinda Nduda, Meldonon Awino Onyango,  Josephine  Njeri Wairi, and Family  Bank limited.

The bank,through one of its official John King’ori  was also charged on Wenesday.

John King’ori, a representative of the bank appeared before Chief Magistrate Francis Andayi and denied nine counts related to failure to report suspected proceeds of crime.

John King'ori was also charged on Wenesday. John King'ori was also charged on Wenesday.
John King’ori was also charged on Wenesday.
John King’ori was also charged on Wenesday.Photo by Sam.

The prosecution intends to call 6 witness to testify against  the accused persons.

It’s  alleged between  22 December,  2014 and  19  May 2015 at Family  Bank KTDA branch  abetted the offence of money laundering by engaging in transactions in account number  065000007847 belonging to Josephine  Kabura Irungu carrying on business  under the business name Reinforced  Concrete  Technologies held at Family Bank  Limited  KTDA branch, Nairobi  for Kshs 320.160.000 whose effect was to diminish the said sum of money  which was acquired directly as a result of the offence.

He is said to have failed to report unusual transactions relating to an account belonging to Josephine Kabura Irungu carrying on business under the business name of Reinforced Concrete Technologies held at Family Bank Limited, KTDA Branch Nairobi.

He is said to have failed to report unusual transactions carried out by the chief NYS suspect Kabura.

Family Bank Chief executive officer Peter Munyiri , Peter Mindoro, Oscar Nyasa, Charles Kamau Thiongo, Raphael Mutinda Nduda, Meldonon Awino Onyango, Josephine Njeri Wairi, and Family Bank limited.
Family Bank Chief executive officer Peter Munyiri , Peter Mindoro, Oscar Nyasa, Charles Kamau Thiongo, Raphael Mutinda Nduda, Meldonon Awino Onyango, Josephine Njeri Wairi, and Family Bank limited. Photo by Sam.

The accused is said to have failed to comply with the reporting obligations by failing to report unusual transactions relating to an account belonging to Kabura.Kingo’ri was also charged with abetting money laundering contrary to the law on similar dates and place.

He is said to have abetted the offence of money laundering to Kabura for Sh 320,160,000 whose effect was to diminish the said sum of money which was acquired directly as a result of the commission of the offence.

King’ori was also accused of failure to file reports of cash transactions equivalent to exceeding Sh 1Million.

He faced several other counts of abetting and failure to comply with reporting obligations. The defense said the accused has co-operated with the investigation officer.

Two weeks ago, Kingori’s co-accused had denied the charges and each released each on a Sh1 million bond or Sh300,000 cash bail.

“Failure to report suspicion regarding proceeds of crime,” the charge sheet read in part. Details of the charges showed that the bank officials knew about the suspect dealings in bank accounts belonging to Kabura’s companies namely Forme Builders, All Trading and Reinforced Concrete Technologies.

King’ori was also released on Sh1 Million Bond or a cash bail of Sh300,000.The case will be mentioned on January 20, 2017.

He faced several other counts of abetting and failure to comply with reporting obligations. The defense said the accused has co-operated with the investigation officer.

In December last year, Kingori’s co-accused had denied the charges and each released each on a Sh1 million bond or Sh300,000 cash bail.

Hearing fixed for 10 and 11 OF April.

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