Four years later after the collapse of the Good Life Savings and Cooperative Society, a former senior employee of the Sacco, Ms Rachael Wangui Wachira was charged with a conspiracy to defraud the sacco money worth a total of Ksh. 26,165,200
Appearing before Senior Principal Magistrate (SPM) of Eldoret Law Court, Sylvia Wewa, the accused was also charged with operating a financial business without a valid license.
State Counsel (SC) in the case asked for tough sanctions against the accused saying that Ms Wachira had been on the run.
After denying the charges mentioned against her, the court ordered that the accused to be released on cash bail of Ksh.4 million or on alternative of Ksh.7 million bond with a similar surety.
Another accused Mr Obadiah Maina, the sacco founder and chairman, who had been charged with more than 40 counts of conspiracy had his Ksh. 1 million bond revoked for absconding court on several occasions.
The court further directed that Mr Obadiah Maina should be detained at the Eldoret GK prison until September 17, 2019 when both cases are scheduled for a mention.
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