A Nairobi-based advocate accused of stealing Sh49.4 million entrusted to him for the purchase of a prime parcel of land has denied the charges before a Milimani court and was released on a Sh10 million bond or an alternative cash bail of Sh2 million.
Ally Ahmed Ally appeared before Milimani chief magistrate Gergi Kibiru, where he pleaded not guilty to one count of stealing by agent contrary to Section 283(b) of the Penal Code.
According to the charge sheet, the prosecution alleges that between November 16, 2023 and January 3, 2024, within Nairobi City County, Ally, while acting as an agent of Quba Real Estate Limited, stole Sh49,400,500 that had been entrusted to him for the purchase of Land Parcel Nairobi/Block/42/895, allegedly belonging to Julius Macharia Waweru and Eva Muthoni Waweru.
The prosecution told the court that the funds belonged to Quba Real Estate Limited and had been entrusted to the advocate solely for the completion of the land transaction.
The accused, who was arrested on August 3, 2026, denied the allegations when the charge was read to him.
In seeking his release, defence counsel urged the court to grant the advocate reasonable bail terms, arguing that he is an Advocate of the High Court of Kenya and would faithfully comply with any conditions imposed by the court.
The defence further submitted that there are ongoing civil proceedings relating to the dispute, urging the court to take that into account when determining bail.
After considering the submissions, Chief Magistrate Kibiru ordered that the accused be released on a bond of Sh10 million with an alternative cash bail of Sh2 million pending trial.
The court also directed that the matter be mentioned for pre-trial after 14 days.
The charges stem from investigations by detectives from the Directorate of Criminal Investigations (DCI) Nairobi Regional Office, who allege that the money was remitted to the advocate on different dates to facilitate the purchase of the Nairobi property.
Investigators claim that instead of completing the transaction as agreed, the accused allegedly diverted the funds, prompting investigations that culminated in his arrest and arraignment.
The advocate now awaits the commencement of pre-trial proceedings as the prosecution prepares to present its evidence in the case.
