www.Kisii.Com: Syndicated news from only reputable sources [Nation, and Standard Newspapers, Kenya Times, KBC, etc.]

Suspects return money stolen from banks

Details

Published on Tuesday, 08 February 2011 23:56

Five suspects charged with stealing more than Sh96 million from a bank told a Nairobi court they have deposited Sh10 million in Fina Bank as ordered last Friday.

High Court Judge, Justice Mohamed Warsame had warned that if the money is not deposited he would increase their cash bail from Sh1 million to Sh10 million. The suspects, Don Bosco Ooga Gichana, Obadia Gichana, Graham Rioba Sagwe, Robert Museti Onkwani and Nairobi lawyer Albert Simiyu Kuloba were charged before a magistrate court in November over the theft at Fina Bank and Eco-Bank.

Some are accused of stealing Sh96,759,540 at Fina Bank’s Ngong Road branch on November 12, last year, and others a similar amount from Eco-Bank Towers, Nairobi. Other charges include conspiring to defraud Garden Real Estate Development.

"We have deposited Sh10 million, which is a transfer from the second accused’s (Ooga) lawyers for an account at Fina Bank which we use," said one of the advocates, Ishmael Nyaribo.

Nyaribo said this when they appeared before Justice Warsame on Tuesday. The development came up when Gichana and his co-accused informed the judge Fina Bank wants an out of court settlement. So far, Sh58 million that was frozen in various bank accounts has been wired to Fina Bank.