Ex-Chase Bank chairman Zafrullah Khan. FILE PHOTO | NMG
A court has discharged a trader who had stood surety for former
Chase Bank chairman Zafrullah Khan when he flew out to America for
specialised treatment.
Senior principal magistrate
Martha Mutuku discharged the surety for Nasrullah Khan after lawyer
Cecil Miller presented Mr Khan who is charged with stealing Sh1.15
billion from the bank alongside others.
“As I had
undertaken last September to present Mr Khan back to this court after
attending a medical procedure overseas I wish to happily indicate that
he is back,” said Mr Miller.
The advocate, who is defending the former top banker, urged the
magistrate to discharge security that had been deposited in court by a
close confidant of Mr Khan since the accused has returned as agreed.
The magistrate was also asked to release the passport of the trader then fix the case for further directions within two weeks.
Ms
Mutuku allowed the plea by Mr Miller and discharged the trader’s
security and passport, which had been deposited in court as a condition
that he would ensure the former Chase Bank chairman reports back to
court after treatment overseas.
The magistrate
commended the accused for keeping his word that “he will travel out of
the jurisdiction of this court for specialised treatment in America and
return to stand trial”.
Mr Khan is charged alongside the bank’s former managing director Duncan Kabui with stealing Sh1.15 billion from the lender.
The Central Bank of Kenya’s Banking Fraud Investigations
Department had introduced fresh charges, adding a new dimension to the
long-running case.
Others indicted alongside Mr Khan
and Mr Kabui include former Chase Bank general manager for corporate
credit James Mwaura Mwenja, former general manager Makarios Omondi
Agumbi, Lucien Sunter Vlasman, Ronald Petrus, Porting Access Limited and
Itecs Limited.
Mr Khan has denied four counts of
conspiracy to defraud, stealing and money laundering. He faces two other
cases arising from the same transactions.
He and his co-accused are charged with stealing Sh1,150,125,587 from Chase Bank between January 23, 2015, and March 2016.
Mr Khan had been separately charged with stealing the money by virtue of his employment.
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