By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: Man Charged With Illegally Obtaining Sh4.9m Credit
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > Business > Man Charged With Illegally Obtaining Sh4.9m Credit
BusinessNews

Man Charged With Illegally Obtaining Sh4.9m Credit

hallanaija
Last updated: January 29, 2024 2:11 pm
hallanaija
2 years ago
Share
SHARE

Gitonga however denied the charges and the court released him on a bond of Sh2 million with a surety of the same amount with an alternative of Sh600,000 cash bail with two contact persons.

A man has been charged before Milimani Law Courts with conspiracy to commit a felony.

The offence is contrary to Section 393 of the Penal Code which states that:

“Any person who conspires with another to commit any felony, or to do any act in any part of the world which if done in Kenya would be a felony, and which is an offence under the laws in force in the place where it is proposed to be done, is guilty of a felony and is liable, if no other punishment is provided, to imprisonment for seven years, or, if the greatest punishment to which a person convicted of the felony in question is liable is less than imprisonment for seven years, then to that lesser punishment.”

According to the charge sheet presented on Monday, on or before December 5, 2023, Jesse Mwirigi Gitonga jointly with others not before the court, conspired to commit a felony obtaining credit of Sh4.9 million.

READ MORE  President Trump posts image of himself as Pope on Truth Social.

The money belonged to Equity Bank.

He has also been charged with obtaining credit by false pretences contrary to Section 316(a) of the Penal Code.

It is alleged that on December 23, 2023, at Equity Bank- Tom Mboya Branch in Nairobi, while incurring a debt to the bank, he obtained credit amounting to Sh4.9 million.

He is suspected to have done this by falsely pretending that he could repay the loan by using a false collateral purportedly registered in another name.

Gitonga however denied the charges and the court released him on a bond of Sh2 million with a surety of the same amount with an alternative of Sh600,000 cash bail with two contact persons.

Senior Principal Magistrate Gilbert Shikwe directed the accused to appear before the court on February 12 for pretrial direction.

Gitonga was arrested on Friday after a report was made to the police regarding the offences.

He was detained at the KICC police station before Monday’s arraignment.

‘It’s time to end Kenya Power’s monopoly’ – Kabogo
As schools conclude and the December holidays get near, hotel reservations increase.
Nema to examine factory causing Kandara farms’ wastewater pollution
Gachagua told to respect Kamba community after ‘lecturing’ them over Kalonzo’s role in opposition
Banker John Ngumi pays Sh111m tax for his Telkom deal fees
Share This Article
Facebook Email Print
Previous Article Ruto Attends Plenary Session Of Italy-Africa Summit
Next Article Supermarlins, Crawford School Rule Kiambu Swimming Championship
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • #EPL: Arne Slot reveals player that will replace Salah during AFCON
  • Police block road to Naivasha MP Jayne Kihara’s home in escalating political tensions
  • Man killed while crossing Thika Road under footbridge
  • Ruto rolls out youth empowerment programme for over 1,115 Nairobi Groups
  • Ugandan court denies bail to opposition leader Kizza Besigye in treason case

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?