A member of Mhasibu Sacco Society was today arraigned in Court for obtaining Sh 4.8 M credit by false pretenses from the said society.
Andrew Okoth Onanda appeared before Magistrate Gilbert Shikwe and denied fraudulently obtaining Sh 4.8 million from Mhasibu Sacco Society purporting to be offsetting Preceding loan.
It is alleged that Okoth on diverse dates between June 30 and July 7, 2023, by virtue of being a member of Mhasibu Sacco Society Ltd, incurred a liability from the Sacco amounting to Ksh 4,893,000 by falsely pretending Cooperative Bank Cheque purting to be offsetting a loan.
He was further charged with money laundering where the prosecution alleged that on diverse dates between June 30, and July 10, 2023, through his mobile number subscriber knowingly obtained Sh 1,821,700 from the Sacco being proceeds of Crime.
Police claim that he transferred the alleged illegally obtained money to other accounts hence assisting in disposition and concealment of the source.
Further, he was charged with illegally obtaining Ksh 922, 930 from the Sacco being proceeds of crime and using some amount and transferred the rest making it close to impossibility to trace the source.
He denied the charges and was released on Sh 2 million bond with an alternative cash bail of Sh 800,000.
