Do you remember Josephine Kabura?The lady who baffled the Nation in the way she easily transported public funds looted from NYS project revealing how Kenyans were robbed blind.
Awhile back in the scandal Ms Kabura was charged with an illegal transfer of Sh10 million into a Family Bank account in the name of Mr Sam Mwadime.
Now nursing the consequences, Family Bank has entered a plea bargain agreement with the Director of Public Prosecutions (DPP) in a case where the financial institution is charged for handling money allegedly looted from the National Youth Service (NYS).
The bank is expected to plead guilty to six counts of failure to report transactions made by NYS suspects who include Josephine Kabura.
“The accused person is entering into this plea Agreement and is pleading guilty freely and voluntarily without promise or behalf of any kind,” reads the plea agreement
According to the documents filed in court, the bank is expected to pay Ksh.64.5 million as court fine for the six counts and should be dispersed as follows.
A total of Ksh.24.5 million will be deposited into the NYS account while the balance of Ksh.40 million shall be deposited as court fine.
“If the accused person (Family Bank) fails to comply with the terms and conditions set forth in the plea agreement, the State may fully prosecute the accused on all criminal charges that can be brought against it,” reads part of the agreement.
Early 2016, a Nairobi court summoned 11 people to answer to money laundering charges over the Sh791 million National Youth Service scandal.
Ms Josephine Kabura Irungu, who had filed an explosive affidavit implicating former Devolution CS Anne Waiguru and other senior State officials in the scam, was among 11 suspects required to appear before the chief magistrate.
The charges against Ms Kabura, Mr John Kago Ndungu, Mr Patrick Ogolla Onyango and Mr Ben Gethi read that between December 1, 2014 and April 30, 2015 in Nairobi they jointly engaged in an arrangement for the purchase of a motor vehicle registration number KCB 750Z, a Range Rover, at a cost of Sh23 million.
They allegedly engaged in the transaction knowing that the money used was from the proceeds of crime, namely Sh791,385,000 stolen from the NYS.
Ms Kabura, Mr Kago and Ms Charity Wangui Gethi were further charged with buying a Jeep Cherokee at Sh6.3 million with money obtained from the NYS.