Four of the six suspects arrested in connection to Sh2 billion fake currency and counterfeit gold recovered in a safe box at the Queens Way Barclays branch, Nairobi, have been charged.
The four; Erick Adede (owner of safe box), Ahmed Shah, Elizabeth Muthoni and Irene Wairimu Kimani appeared before Nairobi Chief Magistrate Francis Andayi.
They were charged with conspiracy to defraud and being in possession of papers intended to resemble and pass as currency notes, and being in possession of mineral.
They denied charges leveled against them and were released on bail.
Adede was released on a cash bail of Sh1 million while his co-accused were granted a cash bail of Sh300,000 each.
The charge sheet read that on March 19, 2019 at Barclays Bank Queens way branch in Nairobi, they conspired with intent to defraud, by falsely pretending they were carrying on a genuine business as investors in Nairobi with Muriithi Materi Mbuthia, who would remit to them Sh20 million.
Adede faced an additional charge that “on March 19, 2019 in Nairobi County, without lawful authority or excuse knowingly had in his custody USD dollars 20,067,900 papers intended to resemble and pass as currency notes.”
Adede, who contested for the Homa Bay Town Constituency parliamentary seat in 2017, was also accused of being found in possession of 41.373 kilograms of brass in contravention of the mining Act.
The magistrate denied the prosecution’s pray to have the suspects denied bail on grounds that they needed to prepare affidavits. He ruled that the augment was not compelling enough.