Man Charged in Milimani Court Over Alleged KSh 760,000 Bank Theft

A businessman has been charged at a Nairobi court with bank fraud for allegedly stealing KSh 760,000, the property of Family Bank.

Collins Korir appeared before Principal Magistrate Geoffrey Onsarigo at Milimani and was charged with the said offence.

The prosecution informed the court that on October 31, 2023, at an unspecified location within the Republic of Kenya, the accused stole funds that were the property of Family Bank.

Korir was further charged with an alternative charge of handling stolen property contrary to Section 322 of the Penal Code.

At the aforementioned time within the Republic of Kenya, other than in the course of stealing, he dishonestly received Ksh 760,000 in his account, domiciled at the Family Bank, Kisii Branch, knowing or having reason to believe it was stolen property.

He denied the charges and pleaded for lenient bond terms.

The prosecution did not oppose his release on bond.

The Magistrate directed Korir to deposit a cash bail of Ksh 150,000 with one contact person.