Mugoya’s Kenya case stopped
KENYA has terminated a Ksh2.7b (about sh62b) criminal case against Ugandan businessman, James Isabirye Mugoya.
Winfred Kagwe
KENYA has terminated a Ksh2.7b (about sh62b) criminal case against Ugandan businessman, James Isabirye Mugoya.
Mugoya who owns Mugoya Construction and Engineering Company is said to have moved engineering and construction machines worth over Ksh 3billion (sh69b) and used them as security to get loans from Kenya Commercial Bank (KCB) in the 1990s with the aim of committing fraud.
According to the Standard newspaper, a document signed on behalf of the Attorney General, Amos Wako, by the senior principal state counsel, Vincent Wohoro, indicated that proceedings against the businessman would not continue.
“I hereby enter nolle prosequi and inform this court that the Republic intends that the criminal proceedings against Mugoya, who was charged with fraudulent disposition of mortgaged goods, shall not continue,†the statement read.
The Attorney General ordered termination of the case after Mugoya paid all the money he owed KCB.
He was first taken to court in August 2007 after being put on the Kenyan Police’s most wanted list. However, he was soon released on a Ksh10 million cash bail.
An affidavit filed by Mugoya claimed KCB had deliberately placed a false complaint and exaggerated the value of the mortgaged goods with an aim of ensuring he was unable to raise the bond or bail likely to be set by the court.
The prosecution claimed Mugoya signed debentures from Kenya Commercial Bank over seven years and failed to service the loans.
KCB appointed PricewaterhouseCoopers as receiver managers.
KENYA has terminated a Ksh2.7b (about sh62b) criminal case against Ugandan businessman, James Isabirye Mugoya.
Mugoya who owns Mugoya Construction and Engineering Company is said to have moved engineering and construction machines worth over Ksh 3billion (sh69b) and used them as security to get loans from Kenya Commercial Bank (KCB) in the 1990s with the aim of committing fraud.
According to the Standard newspaper, a document signed on behalf of the Attorney General, Amos Wako, by the senior principal state counsel, Vincent Wohoro, indicated that proceedings against the businessman would not continue.
“I hereby enter nolle prosequi and inform this court that the Republic intends that the criminal proceedings against Mugoya, who was charged with fraudulent disposition of mortgaged goods, shall not continue,†the statement read.
The Attorney General ordered termination of the case after Mugoya paid all the money he owed KCB.
He was first taken to court in August 2007 after being put on the Kenyan Police’s most wanted list. However, he was soon released on a Ksh10 million cash bail.
An affidavit filed by Mugoya claimed KCB had deliberately placed a false complaint and exaggerated the value of the mortgaged goods with an aim of ensuring he was unable to raise the bond or bail likely to be set by the court.
The prosecution claimed Mugoya signed debentures from Kenya Commercial Bank over seven years and failed to service the loans.
KCB appointed PricewaterhouseCoopers as receiver managers.