Dennis Chumbe when he appeared before the Milimani Law Courts. [Photo/the-star.co.ke]
A former senior National Bank of Kenya manager was arraigned before a Nairobi Court on Wednesday to answer to charges of attempting to steal Sh313.6 million through fake loans.Dennis Chumbe, former head of medium business at the bank is accused of attempting to defraud his employer between December 17 and 31, 2015 at the bank’s branch on Nairobi’s Harambee Avenue.The court heard that the accused person together with two other managers who were not present in court planned to defraud their employer by making false entries in the loan book, which suggested that loans owed by various entities had been cleared.The prosecution, led by senior State Counsel Solomon Naulikha told the court that the accused made a false entry in the loan book account belonging to Transafric Timber Ltd, purporting to show that the Sh50.2 million loan arrears owed by the firm had been cleared and the loan facility was a performing loan.The accused was also charged with fraudulent accounting by making false entries in the loan book accounts purporting to show that the following amounts, Sh10.9 million, Sh8.7 million, Sh172.3 million, $779,175 (Sh78 million), Sh39 million, Sh 86 million, $780,000 (Sh78 million), Sh305 million, Sh 71.7 million and Sh119 million were loans arrears of various companies.Chumbe, however, denied all the charges before Chief Magistrate Francis Andayi and was released on a bond of Sh3 million.The case will be heard on October 4, 2017.