Eric Adede and counterparts denied bail, stays in custody for 5 days

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The 2017 Homabay Town constituency aspirant Eric Adede who is the prime suspect in the fake money saga at Barclays Bank will be held in custody for five more days.

Adede who is said to be the owner of the safe deposit box that detectives discovered the fake Ksh.2billion in was arraigned alongside three other suspects on Thursday.

Another safe deposit box registered to Eric Adede has been identified in Barclays bank.

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Ahmed Shah who allegedly posed as an international investor, Ms. Elizabeth Muthoni and Ms. Irene Wairimu Kimani were also detained and will be held at the Kileleshwa Police Station until March 26, 2019.

Resident Magistrate Zainab Abdulon granted the application by the Prosecution to hold the suspects as investigations continue.

The Prosecution initially requested for ten days but the magistrate ruled that the suspects be held for five days.

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Mr. Adede, a Nairobi-based businessman-cum-politician, is among the six suspects arrested by Flying Squad officers at Queensway branch.

Mr. Adede is reported to have vied for Homa Bay Town constituency in 2017 under Raila’s party, ODM.

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