No bail for Adede as court detains him for 5 days in Barclays fake money saga


Eric Adede and three other suspects in the Barclays fake money saga.
File image of Eric Adede and three other suspects in the Barclays fake money saga. PHOTO| CIZEN DIGITAL

Eric Adede, the prime suspect in the fake money saga at Barclays Bank,  Queensway branch Nairobi will be held in police custody for five days, a court has ruled.

Adede who is said to be the owner of the safe deposit box that detectives discovered the fake Ksh.2billion in was arraigned alongside three other suspects on Thursday.

Ahmed Shah who allegedly posed as an international investor, Ms. Elizabeth Muthoni and Ms. Irene Wairimu Kimani were also detained and will be held at the Kileleshwa Police Station until March 26, 2019.

Resident Magistrate Zainab Abdulon granted the application by the Prosecution to hold the suspects as investigations continue.

The Prosecution initially requested for ten days but the magistrate ruled that the suspects be held for five days.

Investigators intend to substantiate claims that the prime suspect, Adede, is an account holder with Barclays Bank.

Minerals resembling gold that were also recovered inside Adede’s safe deposit box on Wednesday are also to be taken to the Mines and Geologist Department to ascertain authenticity.

Adede was an aspirant in the 2017 Homa Bay Town Constituency primaries under the flagship of the Orange Democratic Movement (ODM).

He however lost to Peter Opondo Kaluma after having suffered another loss three years earlier when he vied to be the chairman of Gor Mahia FC.

Adede lost to lawyer Ambrose Rachier.

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