Sons of Former Attorney General Charged With Share Fraud and Forgery
Two sons of former Kenya Attorney General James Karugu have been charged before a Nairobi court over allegations of conspiracy to defraud, forgery, and giving false information to police.
Eric Mwaura Karugu and Benjamin Githara Karugu were charged alongside Jane Wangechi Kabiu, also known as Jane Kabiu Gitau, a company secretary.
The trio appeared before Milimani Chief Magistrate Dolphina Alego, where they pleaded not guilty to all charges.
Alleged Share Fraud Scheme
According to the prosecution, the accused jointly conspired to defraud Victoria Nyambura Karugu by unlawfully transferring one ordinary share from Mathara Holdings Limited to Centurion Holdings Limited without her consent.
The charge sheet states that the alleged offence was committed on or about May 2, 2012, at an unknown location within the Republic of Kenya.
Forgery Allegations Against Company Secretary
Jane Wangechi Kabiu is further accused of forging a share transfer form, falsely purporting it to be a genuine document executed by Victoria Nyambura Karugu, with the intent to deceive and facilitate the transfer.
False Information to DCI
Eric Mwaura Karugu and Benjamin Githara Karugu also face additional charges of giving false information to an officer of the Directorate of Criminal Investigations (DCI).
Prosecutors allege that on February 5, the two informed Inspector Peter Ouma, who was investigating the matter, that they had been given share transfer forms to sign—information said to have been false and which led to the launch of investigations.
Bail Terms
Chief Magistrate Alego released the three accused persons on a bond of Sh1.5 million each, with an alternative cash bail of Sh700,000.
The matter will be mentioned for further directions.