Two more suspects have been charged in connection with an alleged Sh1.5 billion fraud involving the Programme for Rural Outreach of Financial Innovations and Technologies (PROFIT).
Eric Otieno Achila, a sole proprietor of Dangzerina Enterprises, and Susan Wangari, a sole proprietor of Maxtor Supplies and Graybar Distributors, appeared before the Anti-Corruption Court in Nairobi and faced three and four counts of fraud respectively.
The two suspects denied the charges.
The prosecution team, led by Assistant Director of Public Prosecutions Susan Keli, Principal Prosecution Counsel Jeremiah Walusala and Prosecution Counsel Brian Mulisa, did not oppose their release on bond or bail.
However, the prosecution urged the court to consider the nature and magnitude of the alleged offences when determining the terms of their release.
“The nature and magnitude of the alleged offences should be taken into consideration when determining the appropriate bond and bail terms,” the prosecution told the court.
The prosecution further asked the court to impose conditions requiring the suspects to surrender their passports, obtain court permission before travelling outside the jurisdiction and refrain from interfering with witnesses.
Chief Magistrate Harrison Barasa Omwima granted Achila a bond of Sh1.5 million with a surety of a similar amount, or cash bail of Sh650,000.
Wangari was similarly granted a Sh1.5 million bond with a surety of a similar amount, or cash bail of Sh700,000.
The matter will be mentioned on September 2, 2026.
The latest arraignment brings to 13 the number of suspects who have so far been charged in connection with the alleged loss of Sh1.5 billion under the PROFIT programme.
The DPP’s office said the prosecution will continue pursuing the case as the suspects face the allegations before the Anti-Corruption Court.