Controller of Budget Margaret Nyakang’o has pleaded not guilty to four criminal charges including conspiracy to defraud, operating an unlicensed Sacco, forgery, and uttering false documents.
Nyakang’o was arrested in Mombasa over a complaint made against her and 10 other people of interest in the case dating way back to 2016 before assuming her current office.
She was arraigned at Mombasa Law Courts where she faced four counts including conspiracy to defraud, operating an unlicensed Sacco, forgery, and uttering false documents.
She however denied the charges and was released on a Bond of Ksh 2 million with an alternative cash bail of Ksh 500,000.
She and the 10 were accused of conspiracy to defraud contrary to Section 317 of the Penal Code, operating a Sacco without a Licence Contrary to Section 24 as read with Section 66 of the Sacco Societies Act, 2008, forgery and uttering a false document c/s 353 of the Penal Code.
The Directorate of Public Prosecutions had approved the charges as proposed by the Directorate of Criminal Investigations.
The Office of the Director of Public Prosecutions approved the charges in a letter to the DCI on November 30.
Following the approval of the charges, Nyakang’o together with the other 10 accused persons were today arraigned in court and released on Ksh 2m bond each.
