A businessman was arraigned at a Nairobi court and charged with fraudulent disposition of mortgaged vehicles worth Ksh.228,100,000.
Appearing before Nairobi Chief Magistrate Francis Andayi, Osman Abullahi Osman was accused of disposing 24 motor vehicles worth the said amount without the consent and knowledge of Credit Bank Limited where they had been mortgaged.
He was alleged to have committed the offence on diverse dates between March 21 2016 and May 21, 2018 jointly with another person who was not before the court.
Mr. Abdullahi, who is also said to be a mortgager at the bank, was charged with an additional three counts of forgery.
He allegedly forged a Credit Bank banking slip of Ksh.995,000 dated December 24, 2018 purporting it to be a genuine banking deposit slip for money deposited by him.
The suspect was also accused of forging two other banking deposit slips of Ksh.996,000 and Ksh.998,000 purporting them to be genuine banking deposit slips deposited by him at the Credit Bank branch in Ongata Rongai.
He, however, denied the charges and was released on a cash bail of Ksh.500,000 with alternative bond of Ksh.1 million.
The case was set for mentioning on March 23, 2019.