Kenya’s Controller of Budget, Margaret Nyakang’o, was charged with fraud-related offences on Tuesday in a Mombasa Court.
In the first count, she is accused of defrauding Claudia Mweni Mutungi of Ksh29 million ($189000) on diverse dates between November 2019 and May 1 2020, by pretending to operate a genuine investment, namely FEB Sacco Ltd.
She was also accused of running FEB Sacco Society Limited without a valid Sacco Regulatory Authority licence.
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In the third count, she is accused of Forging Claudia Mweni Mutungi’s signature on December 2, 2019, at FEB Sacco Society Limited within Mombasa.
However, shed denied the charges and was released on a cash bail of Ksh500,000 ($3262) or an alternative bond of Ksh2 million ($13050).
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