Court summons four former Chase Bank officials

A Nairobi court yesterday issued summons for four former senior officials of Chase Bank to plead to the charges of conspiring to defraud the bank more than Sh 1.6 billion.

Milimani senior principal magistrate Martha Mutuku issued the summons for Abdul Ahmed, Ghanrish Omar, Amiran Claudia and Mohammed Khan.

This was after their lawyer Cecil Miller opposed prosecution application, asking the court to issue warrants of arrest against the suspects for failing to appear in court to take a plea.

Miller requested the court not to issue arrest warrants, saying his clients did not deliberately fail to attend court.

He said they had previously presented themselves to the Banking Fraud Investigations Unit to have their fingerprints taken and record statements.

The lawyer assured the court he will present them in court during the next mention on September 4.

The magistrate granted Miller's request and issued only summons for the suspects.

The four are jointly charged alongside former Chase Bank chairman Zafrullah Khan and three others, also senior former managers. They are Kabui Gichui, James Mwenja and Makaros Agumbi.

They have since denied charges of fraud and are out on Sh2 million bail each.

They were granted bail, following a successful application by Miller who told the court his clients are not a flight risk.

The accused are charged that between August 28, 2009, and March 31, 2016, they conspired with intent to defraud Chase Bank Ltd by pretending the disbursement of Sh1.6 billion they effected from internal account of the bank to the accounts of Camelia Investments Ltd, Cleopatra Holdings Ltd, Golden Azure Ltd and Colbrook Holding Ltd were genuine loan facilities to the entities.

Chase Bank collapsed in April 2016 and has since been under the control of the Central Bank of Kenya.

This article was published by THE STAR newspaper on August 4, 2017