@CITIZENTV

MP Patrick Musimba, wife out on bail in Chase Bank Ksh1B fraud case

1 months ago, 20 Sep 11:31

By: Dzuya Walter

A Nairobi Court has released Kibwezi West MP Patrick Musimba and his wife Angela Mwende on bail after they denied charges of conspiracy to defraud Chase Bank of Ksh.1.1billion.

In her ruling, Senior Residence Magistrate Hellen Okwany also directed that the warrant of arrest against the two be lifted saying that they had already presented themselves for plea.

They were released on a Ksh.2million cash bail but ordered not to leave the country without the court’s permission and to deposit their traveling documents.

Musimba was charged alongside Duncan Kabui (former Chase Bank MD), James Mwaura Mwenja (ex-General Manager, Corporate Credit) and Makarios Omondi Agumbi (former General Manager of Finance).

According to the charge sheet, the accused face four counts of conspiracy to defraud, stealing and money laundering.

They allegedly conspiring to defraud Chase Bank by irregularly disbursing Ksh.1.15 billion to two companies: Porting Access Limited and Itecs Limited between January 23, 2015 and March 31, 2016.


Read More


Category: topnews news

Suggested

7 hours ago, 00:06
@StandardMedia - By: Vincent Achuka
Tickets sell out a week to Kenya Airways' inaugural flight to New York

Some seats have been reserved for a government delegation led by President Uhuru Kenyatta ...

Category: topnews news
2 hours ago, 04:38
@BBCAfrica - By: Bbc
Clashes at market kill 55 in Nigeria

A row at a market devolved into deadly violence between Hausa Muslims and Adara Christians. ...

Category: africa topnews news
10 hours ago, 20:40
@DailyNation - By: Karen Mbuya Muriu ...
ONE ON ONE: Mwende Macharia

Esther Mwende Macharia is a radio host. ...

Category: topnews news
7 hours ago, 00:06
@StandardMedia - By: Standard Team
Unity and referendum talks dominate Mashujaa Day celebrations across the country

Across the counties there was pomp and colour and little drama as leaders and residents danced, received commendation and celebrated Kenyan heroes. ...

Category: topnews news
7 hours ago, 00:06
@StandardMedia - By: Paul Wafula
Future tech: From flying cars to police robots and bots that can sing and play piano

A flying car powered by UAE’s telecom operator Etisalat stunned thousands of technology innovators at the latest exhibition in Dubai. ...

Category: topnews news
7 hours ago, 00:06
@StandardMedia - By: Dominic Omondi
‘Black Friday’ sales to increase e-commerce penetration

Kenya’s e-commerce penetration is expected to rise dramatically as consumers rush online to purchase items on offer in November. ...

Category: topnews news

@CITIZENTV

MP Patrick Musimba, wife out on bail in Chase Bank Ksh1B fraud case

1 months ago, 20 Sep 11:31

By: Dzuya Walter

A Nairobi Court has released Kibwezi West MP Patrick Musimba and his wife Angela Mwende on bail after they denied charges of conspiracy to defraud Chase Bank of Ksh.1.1billion.

In her ruling, Senior Residence Magistrate Hellen Okwany also directed that the warrant of arrest against the two be lifted saying that they had already presented themselves for plea.

They were released on a Ksh.2million cash bail but ordered not to leave the country without the court’s permission and to deposit their traveling documents.

Musimba was charged alongside Duncan Kabui (former Chase Bank MD), James Mwaura Mwenja (ex-General Manager, Corporate Credit) and Makarios Omondi Agumbi (former General Manager of Finance).

According to the charge sheet, the accused face four counts of conspiracy to defraud, stealing and money laundering.

They allegedly conspiring to defraud Chase Bank by irregularly disbursing Ksh.1.15 billion to two companies: Porting Access Limited and Itecs Limited between January 23, 2015 and March 31, 2016.


Read More

Category: topnews news

Suggested

7 hours ago, 00:06
@StandardMedia - By: Vincent Achuka
Tickets sell out a week to Kenya Airways' inaugural flight to New York

Some seats have been reserved for a government delegation led by President Uhuru Kenyatta ...

Category: topnews news
2 hours ago, 04:38
@BBCAfrica - By: Bbc
Clashes at market kill 55 in Nigeria

A row at a market devolved into deadly violence between Hausa Muslims and Adara Christians. ...

Category: africa topnews news
10 hours ago, 20:40
@DailyNation - By: Karen Mbuya Muriu ...
ONE ON ONE: Mwende Macharia

Esther Mwende Macharia is a radio host. ...

Category: topnews news
7 hours ago, 00:06
@StandardMedia - By: Standard Team
Unity and referendum talks dominate Mashujaa Day celebrations across the country

Across the counties there was pomp and colour and little drama as leaders and residents danced, received commendation and celebrated Kenyan heroes. ...

Category: topnews news
7 hours ago, 00:06
@StandardMedia - By: Paul Wafula
Future tech: From flying cars to police robots and bots that can sing and play piano

A flying car powered by UAE’s telecom operator Etisalat stunned thousands of technology innovators at the latest exhibition in Dubai. ...

Category: topnews news
7 hours ago, 00:06
@StandardMedia - By: Dominic Omondi
‘Black Friday’ sales to increase e-commerce penetration

Kenya’s e-commerce penetration is expected to rise dramatically as consumers rush online to purchase items on offer in November. ...

Category: topnews news
Our App