Man charged with conspiracy to steal Ksh.26M from Equity Bank

A man was on Tuesday arraigned at the Milimani Law Courts in Nairobi and charged with conspiracy to steal Ksh.26 million from Equity Bank Kenya.

The accused; Joshua Kirika Ndung’u, is alleged to have committed the offence between November 1, 2018 and April 28, 2019, jointly with others who were not before the court.

Appearing before Chief Magistrate Francis Andayi, the accused was also charged with handling stolen goods and stealing a total of Ksh.103,000 from Equity Bank. He allegedly stole Ksh.64,840 and then Ksh.38,900 in different transactions on the same day.

“On April 28 at unknown place within the republic of Kenya otherwise than in the course of stealing dishonestly received in your family bank Ksh.64,840 knowingly or having reasons to believe it to be stolen money,” read the charge sheet.

In his defence, Ndung’u denied the charges, claiming that the money was transferred to his account by his cousin.

He was released on a bond of Ksh.300,000 or Ksh.200,000 cash bail.

The case will be mentioned on June 24, 2019.