MAN CHARGED FOR DEFRAUDING GULF AFRICAN BANK 65MILLION.

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BY NT REPORTER.

A businessman has been arraigned and charged  before a Nairobi Court.

Abdirahman Mohammed Ahmed is accused on or before the 9th day of November 2016,at Unknown place within the Republic  of Kenya jointly with others before  court conspired to defraud GULF AFRICAN BANK of Kenya  shillings sixty five million (65,000,000)

The suspect is jointly charged with another before court concerning money laundering.

It is alleged that on diverse dates between March 31 2016 and June 6 2016 at Gulf African bank, Upper Hill branch, in Nairobi, jointly with others before court, knowing or having reasons to have known that the money in question was or formed part of the proceeds of crime, engaged in transactions whose effect was to conceal or disguise the nature, source, location, disposition or movement of the said money.

He also faced a charge of obtaining credit by false pretences, an offence committed on March 31 2016 and June 6 2016 at the bank.

The prosecution says he obtained a credit of Sh 65 million by falsely pretending that the funds were for the purpose of financing the company’s importation and supply of cooking oil.

He released on a Sh 2 million cash bail and a bond of 5million pending hearing on April 20 2017.

The case shall be consolidated with another criminal case before the court.

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