Controller of Budget Margret Nyakang'o has been charged with defrauding Claudia Mutungi of Ksh29 million, operating a sacco without a valid licence and forgery.

Nyakang'o, who appeared before Mombasa Chief Magistrate Alex Ithuku denied committing the three offences.

She is accused of defrauding Claudia Mweni Mutungi of Ksh29 million on diverse dates between November 1, 2019, and May 1, 2020, by pretending to operate a genuine investment namely FEB Sacco Limited.

She was released on a Ksh2 million bond with a surety of a similar amount with an alternative cash bail of Ksh500,000.

"She pleaded not guilty to the 3 counts before Mombasa Chief Magistrate Hon. Alex Ithuku. She was released on Ksh2 million bond with a surety of a similar amount with an alternative cash bail of Ksh500,000," the Office of the Directorate of Public Prosecutions (ODPP) stated.

The court further issued summons to Nyakang'o's co-accused including Jackson Ngure Wanjau, Susan Kendi Kiambati, James Makena Wanyangi, John Muchira Kithaka and Jane Karuu Ndanyi.

Others accused in the cases include Muthoni Eliphas, Joan Chumo, Mercy Ndura Mukora, Gregory Mwangangi Mailu and Michael Kipkirui.

The case will be mentioned on December 13, 2023.