Nzoia Sugar Company MD, Godfrey Sifuna was on Friday charged with embezzlement of Sh11.2 million.
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Sifuna was charged alongside the company's Chief Cashier John Wanyonyi and five other officials.
They denied the charges before Bungoma Magistrate, Robert Mogute.
Each accused person was released on a cash bail of 1 million shillings or a bond of 3 million shillings each.