Trader Arraigned In Court Over Forgery Set Free On Sh 500 ,000 Cash Bail

by Mahakamani News

A businessman has been charged before a Nairobi Court for fraudulently deposition of a mortgaged property worth sh 228 million.

Osman Abdullahi Osman appeared before Nairobi Chief Magistrate Francis Andayi and pleaded not guilty to the four counts of fraud and forgeries.

The court heard that on diverse dates between March 21 and May 21,2018 Osman jointly with others not before court being mortgagor of motor vehicles valued USD 2.281,000 equivalent to shilling 228,100,000 mortgaged goods from from Credit Bank limited with intent to defraud the bank disposed the said motor vehicles from the Kenya boundaries without the consent and knowledge of Credit Bank.

Prosecution accused Abdullahi that on unknown dates , time and place in Kenya jointly with others not before court with intent to defraud or deceive, forged credit bank banking deposit slip for shillings 995,000 dated 24,12,2018 purporting it to be genuine banking deposit slip for money deposited by him at credit bank Rongata Rongai branch.

He also faced others two forgery charges regarding banking slip in the same bank.

The magistrate order Osman to be released on a bond of Sh 1 million and cash bail of Sh 500,000.

The criminal proceedings will be heard on May 2

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