Kibwezi West Member of Parliament Partrick Musimba, his wife Angela Musimba and former Chase Bank Chairman Mohamed Zafrulla Khan have been charged with stealing Ksh.1.15 billion from Chase Bank.
The three were accused of conspiring with five others to defraud the bank by irregularly disbursing the said amount to two companies; Porting Access Limited and Itecs Limited between January 23, 2015 and March 31, 2016.
The accused are said to have made the transfers without following the payment process as stipulated under the bank’s Finance Policy.
They were charged alongside, former Chase Bank Managing Director Duncan Kabui, former General Manager, Corporate Credit James Mwaura Mwenja and former General Manager of Finance Makarios Omondi Agumbi.
The other co-accused were named as Lucien Sunter Vlasman, Ronald Petrus and the two companies implicated in the case.
The accused were charged with four counts of conspiracy to defraud, stealing and money laundering.
Mr. Khan denied all the charges before Milimani Resident Magistrate Hellen Onkwani.
His co-accused, who did not appear in court on Thursday, are set to take plea on September 17.
The former Chase Bank officials; Mr. Khan, Mr. Kabui, Mr. Mwaura and Mr. Omondi were charged with money laundering charges for allegedly transferring Ksh.740,442,687 from Chase Bank to Paramount Universal Bank.
They are also alleged to have transferred Ksh.409,682,900 from Chase Bank to Kenya Commercial Bank, Kipande branch.