BY NT CORRESPONDENT.
A businessman has been charged before a Nairobi court with conspiracy to defraud Sh 12 million from First community Bank.
Charles Nyakango Mengo appeared before Milimani Senior Principal Magistrate Kennedy Cheruiyot and denied the charge.
Mengo is accused that on between April 20 and April 28 at First Community in Nairobi county jointly with others not before court conspired to defraud First Community Bank Sh12 million.
After denying the charges the accused through his lawyer urged the court to released him on reasonable cash bail as he not a flight risk.
The court heard that the matter is purely commercial as it relates to a loan the accused was grant by the bank in 2017.
Prosecution informed the court that there is another matter pending in another court where the bank managers are facing similars charges emanating to the same loan. The two case will be consolidated on May 23,2019.
The magistrate however ordered the accused person to be released on Sh 500,000 cash bail or a bond of Sh 1 million.
