By Peter John
A man accused of orchestrating a high-value financial theft involving more than KSh 1.4 million from multiple bank accounts belonging to ABSA Bank Kenya PLC was on Tuesday arraigned before the Milimani Law Courts, where he firmly pleaded not guilty to all charges.
Jeremiah Mutemi Mwangangi is alleged to have jointly participated in the theft of KSh 1,499,997 from several ABSA accounts, including Kenya shilling, credit, and USD accounts operated under the bank’s name, in an incident said to have occurred on April 15, 2025 at an undisclosed location within Kenya.
He is further accused of acquiring, possessing, and transacting KSh 999,999 believed to be proceeds of crime through his I&M Bank account, allegedly while knowing or having reason to suspect the money was unlawfully obtained.
According to the prosecution, the matter was reported through ABSA Bank Kenya PLC, represented in court by Samuel Kanyua, with investigations led by KICC Police Station and several witnesses, including bank officials and police officers, listed to testify.
The prosecution pressed three counts linked to theft and the handling of illicit funds, all of which the accused denied before the court.
After listening to submissions from both sides, the magistrate granted the accused a bond of KSh 700,000 with a surety of the same amount, or an alternative cash bail of KSh 200,000 accompanied by one contact person. He was ordered to comply with all court requirements as the case proceeds.
The matter has been scheduled for mention on December 2, 2025, when the court will confirm the status of compliance and set further directions as hearings move forward.
