By Andrew Kariuki

The trial of four former senior officials of Chase Bank continued in court, with fresh testimony detailing the movement of millions of dollars through the bank.

During the proceedings, defence lawyer Cecil Miller led the cross-examination of a prosecution witness, focusing on audit findings and disputed financial transactions linked to the case.

The court heard that a total of USD 4.8 million was transferred from Chase Bank to Deutsche Bank Trust Company Americas in June 2015 through two separate transactions.

Under questioning, the witness acknowledged that documents presented in court indicated the funds were later transferred back to Chase Bank in July 2015, although he maintained he could not independently verify the return as the documents had not been part of the original audit process.

Miller also questioned the basis of the audit conclusions, with the witness confirming that certain key documents had not been availed during the audit, potentially affecting the findings.

In addition, the court heard that holding a loan, including an unsecured one, is not a criminal offence, nor is the use of such funds for investments.

The defence further pointed out discrepancies between figures presented in court and those contained in the charge sheet, raising questions over the accuracy of the financial assessments.

The case, which centres on complex financial dealings at the defunct lender, is ongoing, with the court expected to continue hearing evidence as the trial progresses.