BY IRENE ONYANGO.
A member of Mhasibu Sacco Society Ltd has been charged with defrauding the deposit taking society of millions of shillings.
Andrew Okoth Onanda was also charged with money laundering when he was presented before Milimani Principal Magistrate Gilbert Shikwe where he denied the charges.
The charges stated that Onanda incurred a liability of Sh 4,893,000 by presenting falsified Cooperative Bank cheque deposit slips, an offence he allegedly committed between 30th June and 7th July, 2023.
The prosecution said the slips purportedly showed payments to offset preceding loans, but investigations revealed that the source bank account lacked sufficient funds to cover the transactions.
Onanda was further accused of laundering funds totalling to Sh 2.7 million from Mhasibu Sacco Society Ltd through two mobile phone accounts registered under his name and used the said funds for personal gain.
The court released him on a bond of Sh 2 million or a cashbail of Sh 800,000.
The matter is set to be mentioned of 11th December pending pretrial.
