Nairobi, Kenya – A company director accused of stealing over Sh356 million has been released on a cash bail of Sh5 million or an alternative bond of Sh10 million with two Kenyan contact persons.
Honey Khatwani, a director at OKI General Trading Limited, appeared before Principal Magistrate Dolphina Alego on Monday, June 23, 2025, where the court scheduled a ruling on his bail application for the following day.
When delivering the ruling on Tuesday, June 24, the court also ordered Khatwani to surrender his travel documents, including his passport, to the court as part of the bail conditions.
During the bail hearing, the prosecution told the court they were not opposed to Khatwani’s release but emphasized the need for strict conditions to ensure his attendance in court.
They argued that given the significant amount involved in the case and the fact that Khatwani still possessed his passport, appropriate restrictions were necessary to prevent potential flight.
Khatwani’s legal team, however, maintained that the seriousness of the charges should not be used to deny him bail.
They informed the court that he resides in Kenya with his family and operates businesses employing over 50 people, expressing his willingness to provide Kenyan contacts to support his case.
The prosecution maintained that while they were not opposing bail, the accused should not be allowed to leave the country unless expressly permitted by the court.
Khatwani is facing charges of stealing by a director contrary to Section 282 of the Penal Code. According to the charge sheet, he is accused of stealing USD 2,786,806.05 (approximately Sh356,711,174.40) from OKI General Trading Limited, funds that allegedly came into his possession by virtue of his position as director.
Khatwani pleaded not guilty to the charges.
By Were Kelly
