Embattled former Chairman of Chase Bank, Mohammed Zafrulla Khan to spend the weekend in custody pending bail ruling.
This is after he was charged that Between 23 of January 2015 and 31 March 2016 at Chase Limited Head office in Nairobi with intent to defraud, jointly conspired to steal from Chase Bank Limited Kshs.1,150,125,587,20 billion by irregularly disbursing the said amounts to porting Access Limited and Itecs Limited without following the payment process as stipulated under the finance policy of the Chase Bsnk (k) limited.
Mr Zafrla is facing Sh 1.15 billion he allegedly obtained through conspiracy and fraud Chase Bank.
He also accused between the same dates between 2015-2016 at Chase Bank (k) Limited Head office in Nairobi , knowingly or reasonably ought to have known that Kshs. 740,442,687,20 formed part of the proceeds of crime, removed the said money from Chase Bank Limited internal account number 0004005459002 and facilitated the transfer of the same amount to account number 010002061188 and 0100020614445 domiciled at Paramount universal Bank.
The ex-Chase Bank chiarman has two other similar cases pending before another court.
He also accused between the same dates between 2015-2016 at Chase Bank (k) Limited Head office in Nairobi , knowingly or reasonably ought to have known that Kshs. 740,442,687,20 formed part of the proceeds of crime, removed the said money from Chase Bank Limited internal account number 0004005459002 and facilitated the transfer of the same amount to account number 010002061188 and 0100020614445 domiciled at Paramount universal Bank.
His lawyer asked the court to allow the bail terms issued in the other two similar case to apply in the current matter and if not possible, the court to grant a bail of not more than sh 2 million .
Miller further asked the court to allow the accused person permission to travel to USA for an urgent heart surgery.
The prosecution in response said the current matter was entirely different from the other matters and therefore he should not be granted bail terms that commensurate to the offenses against him.
Prosecution also asked the court to restrain the accused from traveling out of the court’s jurisdiction unless with permission as Banking Fraud Investigation Unit is conduction further investigation and is likely to prefer more charges against him
The prosecution also noted said that his family resides in the USA and thus he might not come back if allowed travel.
The court directed Zafrulla to be detained at Kileleshwa Police Station until 17 Monday 2018 when she will make a ruling over bond terms
The trial Magistrateissued warrants of arrest against Patrick Mweu Musimba, Angela Mwende Musimba , Lucien Sunter Vlasman and Ronald Petrus after they failed to appear in court.
He appeared before Senior Resident Magistrate Hellen Onkwani, where he denied the criminal charge. He face trial along side nine others who failed to appear in court.
The prosecution through Senior Deputy director of publoc prosecution Mungai Warui, objected the accused from being released on bond, saying he likely to abscond trial due to gravity of the cash and the amount involved.
The accused through his lawyer Cecil Miller pleaded to be released on cash bail given that he his heart patient who has undergone two heart surgery in the United States of America.
Other accused persons; Duncan Kabui Gichu , James Mwaura Mwenja and Makarios Omondi were issued with summons to appear in court on Monday for plea taking after lawyer Cecil Miller told the court that the Banking Fraud Investigation Unit had not summoned them to appear before them for processing theri statements.
