The case involving four officials from the Kenya Union of Saving and Credit Cooperative (KUSCCO), who are accused of embezzling Ksh 82.8 million, is set to continue on June 23, 2025.
 During a recent mention of the case, which took place without the presence of the defendants, Milimani Senior Principal Magistrate Dolphina Alego announced that the proceedings will span three consecutive days. The magistrate emphasized that the purpose of the mention was to verify the adequacy of the documentation, confirming that the hearing will take place as planned from June 23 to 25, 2025, to ensure its completion.
Furthermore, she mandated that the accused must appear in person in open court during the hearings. Apollo Mboya, representing the defense team, assured the court that all necessary documents and statements had been provided to the legal representatives of the accused, indicating that they are preparing for the upcoming hearing. The individuals charged include KUSCCO’s former national managing director David Magutu Mwangi, along with George Otieno Ototo, George Ochola Owino (the former finance manager), Mercy Muthoni Njeru, and Jackline Atieno Omolo (the former legal officer).
They face multiple charges, including nine counts of fraud, theft, money laundering, and the creation and use of false documents. The defendants have denied the allegations, asserting that they did not steal Ksh 82,826,000 between October 9, 2020, and April 30, 2022. Additionally, they are accused of engaging in money laundering activities by entering into a sale agreement for land valued at Ksh 82.8 million, fully aware that the funds were derived from illicit activities related to KUSCCO. Each of the accused has been released on varying bond terms, ranging from Ksh 7 million to Ksh 10 million.
The said Ksh 82.8m was held in the account of advocate Jackline Omolo & Company Advocates at KCB and M Oriental Banks respectively.
The accused are said to have known that the money were proceeds of crime.
The five were also charged that on diverse dates between October 2022 and April 2022, jointly with others who were not before the court conspired to steal by diverting money totalling 82,826,000 property of KUSCCO meant for purchase of land LR23269/35 at Nairobi within the republic of Kenya.
The five denied that they laundered money laundering contrary to Section (3)(b) (i)as read with Section 16 of the Proceeds of Crime and Anti-Money Laundering Act.
The charge states that on diverse dates between October 9, 2020 and April 30, 2022, with others not before the court at Nairobi within the republic of Kenya with intent to dispose of, knowing or while reasonably ought to have known that the said money formed part of the proceed of crime received from KUSCCO entered in to agreement for sale of the land in order to conceal the nature and source of the money in the accounts held at Kenya Commercial Bank KCB and M Oriental Bank under the account name of Jackline P.A Omolo & Advocates whilst having reasons to believe that the said monies were proceeds of crime.
In another charge, they were accused of stealing by directors and officers of the company and making of false documents which is against with the law.
They were accused of making and uttering an agreement for sale of the land LR 23269/35 to make it appear authentic a fact which was false.
Separately, at an unknown time but the same period, the lawyer Ms Omolo uttered to KCB Bank University Way Branch a forged agreement for sale of the land LR 23269/35 of Catherine Wanjiku Mbugua purporting it to be genuine.
They denied all the nine charges levelled against them by the prosecution.
The hearing will commence on June 23 for three consecutive days.
