Peter Mumo Mutuku before magistrate Gilbert Shikwe at Milimani Law Courts where he was charged with stealing sH327,000/= from co-operative bank of Kenya on January 29, 2024 Image: The Star Kenya

33 Yr-Old Mumo Mutuku Charged with Sh327k Theft from Cooperative Bank

A 33-year-old individual appeared before the Milimani Law Courts on Monday, facing accusations of theft. Peter Mumo Mutuku stands accused of allegedly embezzling Sh327,000 from an account held at Cooperative Bank, specifically at its Stima Plaza branch in Nairobi.

The account in question belonged to Koki and Associates, and the purported offense occurred on March 10, 2021.

In addition to the primary charge of theft, Mutuku faces an alternative accusation of handling stolen property, as outlined in the charge sheet presented during the court proceedings. The document asserts that on the aforementioned date and location, Mutuku allegedly received or retained Sh327,000 dishonestly, with knowledge or suspicion that the funds were stolen.

During the hearing presided over by Senior Principal Magistrate Gilbert Shikwe, Mutuku pleaded not guilty to the charges leveled against him. He sought release on bail, urging for lenient terms.

Subsequently, the court granted Mutuku release on a bond of Sh300,000, requiring a surety of equivalent value or a cash bail amounting to Sh200,000, along with the provision of two contact persons. The case is scheduled for mention for pretrial direction on February 12.

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