Shock as mortgager illegally disposes motor vehicles worth Sh 228,100,000

Image result for Imagesof motor vehicles worth Sh 228,100,000

While country men are crying over the high level of bribery at the national level,ordinary citizens are breaking their own records of embezzlement creating an alarming situation of conning in Kenya and increase in crime.

Osman Abullahi Osman is a huge disappointment after he allegedly disposed motor vehicles worth Sh 228,100,000 which had been mortgaged from Credit Bank Limited without the consent and knowledge of the bank.

He allegedly committed the said offense on diverse dates between March 21 2016 and May 21, 2018   jointly with another person who was not in court.

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Osman who is a mortgager at the said bank was also charged with three other counts of forgery.He allegedly forged a Credit Bank banking slip of Sh995,000 dated December 24, 2018.

He is accused of forging two other banking deposit slip of Sh996,000 and Sh998,000 which he deposited at Credit Bank Ongata Rongai Branch.

He appeared before Nairobi Chief Magistrate Francis Andayi and denied the charges.

The court released him on a cash bail of Sh500,000 or a bond Sh1 million.The case will be heard on May 2.

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