CHASE BANK BOSSES IN THE DOCK OVER MONEY LAUNDERING.

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Former Chase bank directors Makarios Omondi Agumbi James Mwaura Mwenja,Duncan Kabui Gichu and Mohammed Zafrulla Khan before Milimani Senior Principal Magistrate Martha Mutuku on Thursday May 10,2018/PHOTO BY S.A.N.

BY SAM ALFAN.

Top former Chase bank directors have been charged with money laundering charge’s before a Nairobi Court.

Former bank directors Dancun Kabui Gichu, Mohammed Zafrulla Khan, Makarios Omondi Agumbi and James Mwaura Mwenja were charged with five additional charge’s.

They were accused between 16 of September ,2014 and 3 of March ,2015 at Chase Bank (K) Limited Head office in Nairobi ,Jointly conspired together to commit a felony namely stealing USD 5,475,801,92 from Chase Bank Limited.

They are also facing money laundering charges.

It is alleged Dancun Kabui Gichu, Mohammed Zafrula Khan, Makarios Omondi Agumbi James Mwaura Mwenja between 16 of September 2014 and 31 March ,2015 at Chase Bank Limited Head office in Nairobi City knowingly or while reasonably ought to have known that USD 2,510,099,91 formed part of the proceeds of crime , removed the said Chase Bank internal account number 0004005510002 and facilitated the transfer of the same amount to account number AE15033000010494309702 domiciled at Mashreq Bank ,Dubai in the name of Emmar properties of PJSC.

Prosecution further alleged that between 30 of September, 2014 and 3 of March 2015 at Chase Bank Nairobi, jointly stole USD 5,475,801,92 the property of Chase Bank Limited.

Mohammed Zafrula Khan is accused of being a director of chase Bank stole USD 5,475,801,92 from Chase Bank which came to his position by virtue of his employment.

The court commuted the earlier bail terms of 2 million cash bail until 15th of may when the court will determine the status of the terms when the court will be consolidated.

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