A former financial controller at Sheffield Steel Systems Limited has been charged with stealing Sh146 million from her employer in a span of three periods.
Jane Achieng Eshiwani Okumu appeared before Milimani Principal Magistrate Paul Mutai and denied the charges preferred against her.
Achieng is accused of conspiring with others not before the court to siphon a total of Sh 146,519,431.75 from the steel company between May 15, 2018, and August 25th, 2021.
It is alleged that Achieng, by virtue of her position as financial controller, stole the funds and later engaged in elaborate forgery and money laundering schemes to conceal the source of the money.
The court heard that on March 5, 2021, she forged a letter purporting to be signed by Sheffield Steel’s managing director, Dr. Suresh Kanotra, and later uttered the same document at Housing Finance Corporation in Nairobi.
She is further accused of falsifying more than 300 company cheque counterfoils and using part of the stolen money to buy several motor vehicles, including a Toyota Prado, a Toyota Hiace van, a tractor, and a motorcycle.
According to the charge sheet, the transactions were carried out with the intent to disguise the source of the funds, which are said to be proceeds of crime.
The court directed that arguments on her bail and bond terms will be heard on October 6.
