A Nairobi court has ordered the detention of Edmond Kiprono, a suspect accused of participating in the theft of over Ksh 5 million from Guaranty Trust Bank Kenya Limited.
Kiprono is alleged to have conspired with five others John Ngau Mwaura, Denis Akumu Obori, Catherine Wangui Ngugi, Collin Wanyonyi, and Laban Ndolo to steal Ksh 5,090,099.36 from the bank on June 19, 2024.
According to the charge sheet, Kiprono faces an additional count of theft, where he is accused of unlawfully taking Ksh 4,315,207.40, also belonging to the bank. The charges are framed under Section 268(1) as read with Section 275 of the Penal Code.
He appeared before Magistrate Carolyne Mugo at the Milimani Law Courts and pleaded not guilty to all charges.
The prosecution strongly opposed his release on bond, arguing that Kiprono went into hiding after learning that his co-accused had been arrested. They told the court that his disappearance demonstrates a high likelihood that he might abscond trial if released.
Magistrate Mugo ordered Kiprono to remain in custody pending the preparation of a pre-bail report, which will assess his reliability to attend court proceedings if granted bond.
