BY NT CORRESPONDENT.
A savings and credit vice chairman and two other people have been charged with conspiracy to defraud the organisation of Sh14.8 million.
Yusuf Rashid, the vice chairman of H&M Sacco was charged together with Wilma Ajema Lweya and Francis Kariuki Kimaru with the conspiracy.
The three are accused of conspiring to defraud the Sacco a total of Sh14,806,623 by issuing cheques to Rashid to fraudulently withdraw money from an account at Corporative Bank belonging to H&M Sacco.
The charges stated that they committed the offence between April 1, 2015 and May 30, 2017 in Langata within Nairobi.
Rashid is further charged with stealing the said money from the said Sacco.
They denied the charges when they appeared before Milimani Chief Magistrate Wendy Kagendo who released on cash bail of Sh200,000 each.
The court at the same time issued a warrant of arrest against James Githito Gikera for failing to appear in court for plea taking.
They lawyers requested the court to give them time to settle the matter out of court since the process had already started with accused paying Sh4 million.
The matter will be mentioned in a months’ time when the accused are expected to update the court on the progress.
