Thursday, May 2, 2024

2 Tuskys directors charged with Sh. 1.6 billion theft

Two directors of Tuskys supermarket were on Wednesday charged with stealing Sh1.6 billion from the supermarket.

According to the prosecution, The prosecution said Mr Stephen Mukuha Kamau and Mr George Gachwe Kamau jointly stole the money with others not before court. Between 2002 and 2012 at Tuskys headquarters along Mombasa Road, Nairobi they stole Sh400 million belonging to Tusker Mattresses which came into their possession by virtue of being directors of the company.

The two were also charged with stealing an additional Sh279 million within the same period and a further Sh200 million while employed as directors.

The pair denied stealing Sh322 million and Sh441 million on diverse dates between 2002 and 2012. Their lawyer Saibabo Kanchori said the new case against the directors was “an extension of a family tussle.”

The chief magistrate Daniel Ogembo released the two directors on Sh3 million bond and a surety of a similar amount or a cash bail of Sh1 million. The case will be heard on July 12.

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