Sh1,000 notes. A man accused of illegal withdrawal of money has been released on a Sh1 million bond. [Photo/The Star]
An Eldoret court has released a suspect accused of withdrawing Sh4 million from a client's bank account without consent.
Timothy Kosgey, an employee of Cooperative Bank, is accused of withdrawing Sh4,168,000 from the bank account of Ann Jepkemboi at Eldoret Cooperative bank main branch without her authority.
Court documents indicate that the crime was committed on diverse dates between October 28 and November 25, 2016.
The court on Tuesday heard that Kosgey capitalized on his position as an employee of the bank to make the unauthorized withdrawals from the bank’s client account.
"Withdrawals were done by the suspect using account information in the custody of the bank while masquerading as the account holder," the prosecution told the court.
After the complainant noticed the alleged unlawful withdrawals, she reported the matter to the bank where investigations launched narrowed down to the suspect who was arrested and arraigned in court.
Appearing before Eldoret principal Magistrate Harrison Barasa, the suspect pleaded not guilty to the offence and was released on a Sh1 million bond with a surety of similar amount.
Hearing of the case has been set for November 13, 2017.