Mohamed Mustaf Adan charged that on diverse dates between August 20, 2024, and August 22, 2024, at an unknown place within the country, jointly with others not before the court, he stole Sh 4,199,445.85, the property of DIB Bank.
The accused faced a second count of acquisition of the proceeds of crime contrary to the law.
The court was informed that on August 20, 2024, within the country, he acquired Sh 824,388.03, while at the time of the said acquisition, he knew that the money was the proceeds of crime, which was money received through stealing.
He faced an alternative count of possession of the proceeds of crime contrary to section 4(a) as read with section 16 of the Proceeds of Crime and Anti-Money Laundering Act No. 2009.
Mustaf was charged that on August 20, 2024, within the Republic of Kenya, he received a sum of Sh 824,388.03, and at the time of the said acquisition, he knew or had reason to believe that the same was formed from or was a proceed of crime because that money was received through stealing.
The accused faced a last count of money laundering against the law.
On August 22, 2024, he is accused of entering into an arrangement to transfer Sh 247,000 from an account domiciled at DIB Bank in the name of Allan Akuno Ochieng, domiciled at KCB Bank, while he knew that the same formed proceeds of crime.
He was released on a Sh 2M bond.
