An employee accused of stealing Sh16.5 million from his employer and allegedly using it for personal gain has denied the charges.
Walid Mohammed Rafique was charged before Kibera senior principal magistrate Derrick Kuto.
The charge sheet says he committed the offence on diverse dates between April 28 and May 7 at Junction Mall, Ngong Road, Nairobi.
The money was the property of Junction Forex Bureau Limited, his employer.
Before being charged, the detectives had sought 15 more days to detain him to complete their investigations but the court declined the application.
Kuto, in his ruling, dismissed the application saying it lacked merit.
Police constable Willie Bungei had told the court that the accused was arrested on May 9 following a report of theft and they needed more time.
“The suspect was arrested on May 9 and a report was booked at the Muthangari police station under OB number 07/09/2022 after Ann Rama, who is one of the directors, said that they had lost Sh16.5million,” he said.
The officer told the court that the accounts operator was then called to an audit and it was proved that money was lost.
The officers told the court that the suspect admitted to the detectives that he took the money and invested in a certain business.
“The respondent is said to have informed his directors that he took the money from the safe and used it in his private business for trading with FX Pesa but lost the money in the trade," he said.
Bungei told the court that the suspect was a flight risk and he had external connections since his parents live in Pakistan.
He said the suspect was in a position to interfere with the investigations since his workmates are yet to record statements.
On plea taking yesterday, the accused denied any wrongdoing and urged the court to grant him a lenient bond.
He was released on Sh2 million bond or an alternative cash bail of Sh60,000.
Kuto directed that matter be mentioned later this month for a pre-trial.
(Edited by Tabnacha O)
