Dubai Bank bosses charged afresh over money laundering
Binay Dutta (right) and Hassan Zubeidi. PHOTO | FILE
Dubai Bank directors have been charged afresh at the Milimani law courts over alleged money laundering.
Abdul Hafedh Zubeidi and Wilson Hassan Nandwa appeared before Chief Magistrate Daniel Ogembo and denied the charges.
They were charged afresh after their lawyers Abdallah Salim Al-Busaidy and Kirathe Wandugi raised concern that the earlier charge sheet was defective.
Prosecutor James Warui had told the trial court that the initial charge, which the directors challenged late last year, was defective as he sought to file fresh charges against Zubeidi and Nandwa.
The new charges included two other directors, Binay Duta and Deeraj Kumar Baghel.
A warrant of arrest was issued against the two after they failed to appear before the court for plea taking.
They are accused that between April 28, 2014 and September 14, 2014 at Dubai Bank Kenya Ltd, Kenyatta Avenue Branch in Nairobi, being the Chief Executive Officer and Operations Manager, stole Sh12 million.
They allegedly stole the money by virtue of their employment.
Mr Zubeidi and Prof Nandwa are jointly accused of money laundering contrary to the law. They are out on a Sh3 million bond. The case will be heard on April 11.
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