Five officials of the Kenya Union of Savings and Credit Co-operatives (KUSCCO) have been charged with stealing KSh82.8 million meant for purchase of a parcel of land in Nairobi.

The five officials are; George Magutu Mwangi, George Otieno Ototo, George Ochola Owino, Jackline P. Atieno and Mercy Muthoni.

The suspects face other charges of money laundering, stealing by directors and making a false document.

It’s alleged that the officials, on diverse dates between October 2020 and April 2022, diverted money totaling to KSh82,826,000 made for purchase of a land for KUSCCO to a different account.

Further, it is alleged that on diverse dates between 9th October 2020 and 30th April 2022 having knowledge that the KSh82,826,000 formed part of the proceeds of crime received from KUSCCO, entered into agreement for sale of Land LR No.23269/35 in order to conceal the nature and source of the said funds.

The suspects are also charged with stealing where the prosecution alleged that between October 2020 and April 2022, being the directors and officers of KUSCCO, they stole KSh82.8 million the property of the said limited by virtue of their employment.

Appearing before Magistrate Dolphina Alego, the suspects denied the charges.

The Court freed Magutu, Jackline and George on a bond of KSh10 million or an alternative of KSh3 million cash bail. George Ochola Owino was granted a bond of KSh7 million with an alternative cash bail of KSh3 million. Mercy Muthoni, on the other hand, was released on a KSh7 million bond, or an alternative of KSh2.5 million cash bail.