Former Chase Bank chairman Zafrullah Khan and former managing director Duncan Kabui have been charged with stealing Sh1.15 billion from the lender, adding a new dimension to the long-running case.
Kibwezi West MP Patrick Musimba and his wife, Angela Mwende Musimba, were among a total of nine people charged alongside the two.
The Central Bank of Kenya’s (CBK) Banking Fraud Investigations Department (BFID) Thursday preferred the fresh charges at the Nairobi Milimani resident magistrate’s court. Only Mr Khan was present to take a plea in the case while the rest were asked to appear on September 17. The list of those charged alongside the four includes the bank’s former general manager for corporate credit, James Mwaura Mwenja, former general manager Makarios Omondi Agumbi, Lucien Sunter Vlasman, Ronald Petrus, Porting Access Limited and Itecs Limited.
Mr Khan, who was represented by lawyer Cecil Miller, denied four counts of conspiracy to defraud, stealing and money laundering.
Mr Miller applied for Mr Khan’s release on bond, arguing that he is already facing two other cases arising from the same transactions.
