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Newsunplug Kenya > Blog > Business > Man Charged With Illegally Obtaining Sh4.9m Credit
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Man Charged With Illegally Obtaining Sh4.9m Credit

hallanaija
Last updated: January 29, 2024 2:11 pm
hallanaija
1 year ago
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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.

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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.

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