Sunday, May 26, 2024

Ekeza Sacco Founder David Gakuyo released on Ksh 10M cash bail

Ekeza Sacco Founder David Gakuyo has on Monday been arraigned in court over conspiracy to steal Ksh 1,052,746,094 from members of the sacco.

“David Kariuki Ngari, alias Gakuyo, was charged today at Milimani Law Courts with conspiracy to steal Ksh. 1,052,746,094 from the members of Ekeza Sacco Society Limited.

He was charged with 12 counts, including 1 count of conspiracy to commit a felony contrary to Section 393 of the Penal Code, and 11 counts of obtaining money by false pretense contrary to Section 313 of the Penal Code.” said Office of the Director of Public Prosecutions.

Appearing before Senior Principal Magistrate Ben Mark Ekhubi, Gakuyo was released on Ksh 10 million cash bail with two contacts one of whom should be a public officer. In addition to that, he was also ordered to surrender his passport.

“He denied all the charges before Senior Principal Magistrate Ben Mark Ekhubi and was released on a Ksh 20 million bond with two sureties and an alternative cash bail of Ksh 10 million with two contact persons, one of whom must be a public officer.

Additionally, he was instructed to surrender his passport to the court and refrain from tampering with the ongoing investigation.

It is alleged that David Kariuki Ngari, alias Gakuyo, conspired to steal Ksh. 1,052,746,094 from Ekeza Sacco Society Limited members between 2015 and 2018 at their offices in Yala Towers in Nairobi, Nairobi County. The case will be mentioned on 7/3/2024 for pretrial.” said ODPP

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