A man accused of defrauding Sh 106 million from Family Bank was on Monday, July 8, 2024, charged at Milimani Law Courts with the offence.
Elias Kivuti Nyaga who appeared before Milimani Senior Principal Magistrate Gilbert Shikwe denied the fraud charges leveled against him by the Office of the Director of Public Prosecutions(ODPP).
The court heard that on diverse dates between July 1, 2019, and November 25, 2021, at Family Bank in Nairobi county the accused jointly with others, not before court, stole Sh106,526,597 the property of the bank.
He was also charged with handling stolen goods namely the money at the center of the dispute, contrary to Section 322(1) as read with Section 322(2) of the penal code.
Kivuti after denying the charges sought to be released on lenient bail terms saying he will abide by all conditions set by the court.
The magistrate however ordered Kivuti to be released on a Sh 6 million bond and a surety of the same amount.
The ODPP was ordered to supply him with all documentary evidence and witness statements to be relied upon during the trial.
The matter will come up for mention on July 22, 2024.
