City Lawyer Stephen Juma Ndeda Charged With Money Laundering and Forgery
City lawyer Stephen Juma Ndeda has been charged with multiple criminal offenses, including money laundering, forgery, and uttering forged documents.
Ndeda appeared before Senior Principal Magistrate Boaz Ombewa at the Kahawa Law Courts, where he denied all the charges.
read:Nairobi Businessman Released on Sh1M Personal Bond After Denying Sh10 Million Fraud Charge
Money Laundering Allegations
According to the prosecution, Ndeda is accused that on June 20, 2023, at UBA Kenya Bank Limited Upper Hill Branch in Nairobi, he received USD 52,490 (approximately Sh6.7 million) into account number 55030130004234 held by Ndeda & Company Advocates.
The funds were allegedly received from a company identified as Algans Eood, based in Sofia, Bulgaria.
The prosecution claims that Ndeda had reason to believe the funds were proceeds of crime and that the transaction was intended to conceal their origin.
Forgery and Uttering Charges
Ndeda is further accused of knowingly and fraudulently uttering a forged sale agreement for Land Parcel Number KJD/KEEKONYOKIE/ILKISUMET/3371.
The prosecution alleges that the document was presented as a genuine sale agreement purportedly signed by Andrew Immanuel Simiyu as the vendor.
Additionally, he is accused of forging a sale agreement dated June 14, 2023, at Ndeda & Company Advocates offices located at View Park Towers in Nairobi CBD.
The agreement allegedly indicated that the property was to be sold for Sh60 million, with Sh5 million as an initial deposit payable within 90 days.
DCI Findings
According to the Directorate of Criminal Investigations (DCI):
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The agreement indicated that Ndeda & Company Advocates acted for both the vendor and the purchaser.
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The purchaser was listed as Alguns Limited, yet funds were reportedly sent by Algans Eood, a separate entity.
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Investigators stated that discrepancies in the entities involved raised suspicion.
The DCI further indicated that the funds wired into the advocate’s account were reversed to the sender due to non-compliance with internal banking policies and anti-money laundering regulations.
Bail Terms
Ndeda was released on a bond of Sh1 million or an alternative cash bail of Sh200,000 pending hearing and determination of the case.
Presumption of Innocence
Stephen Juma Ndeda has denied all charges and remains presumed innocent unless proven guilty in a court of law.
The case will proceed before the Kahawa Law Courts.
read:City Lawyer Stephen Ndeda Charged in Sh6.7 Million Money Laundering and Forgery Case