The Capital Markets Authority of Kenya (CMA) nabbed two individuals believed to have stolen money amounting to Ksh6 million from a woman’s bank account.
In a statement on Tuesday, November 22, the authority indicated that the duo, who have been arraigned in court, conspired to defraud Annabel Maule from her bank accounts in two banks.
The first batch, Ksh2.8 million, was stolen from her account between May and November in 2019.
The second batch, which amounted to Ksh3.8 million, was stolen by the duo from a bank account from a separate bank between April 2020 and August 2020.
“The Capital Markets Fraud Investigation Unit has taken (the suspects) to court for conspiracy to defraud Annabel Maule a total of Ksh6,621,214 from bank accounts held at (two banking outlets),” read the CMA notice in part.
The duo were, therefore, charged with conspiracy to defraud as well as handling stolen property.
In the latest charge, one of the suspect as accused of harbouring the stolen funds in their mobile money account.
According to the charge sheet seen by Kenyans.co.ke, the Office of the Director of Public Prosecutions as well as the public were listed as the complainants.
The investigations were handled by Capital Markets Fraud Investigation Unit.
If found guilty, the duo stare at a three-year imprisonment for acting contrary to section 317 of the Penal Code.
The code states, “Any person who conspires with another by deceit or any fraudulent means to affect the market price of anything publicly sold, or to defraud the public or any person, whether a particular person or not, or to extort any property from any person, is guilty of a misdemeanor and is liable to imprisonment for three years.”
Source: kENYANS.CO.KE
