Mohamed Mustaf Adan appeared before Magistrate Robinson Ondieki, where he pleaded not guilty to the charges against him.
He is accused of stealing Sh 4,199,445.85, the property of DIB Bank, in collaboration with others not present in court, on various dates between August 20 and August 22, 2024, at an undisclosed location within the country.
Additionally, he faces a charge of acquiring proceeds of crime, as it is alleged that on August 20, 2024, he obtained Sh 824,388.03, fully aware that this amount was derived from criminal activity.
Furthermore, he is charged with possession of the proceeds of crime, having received the same sum on the same date, knowing it was obtained through theft.
Lastly, on August 22, 2024, he is accused of engaging in a money laundering scheme by facilitating the transfer of Sh 247,000 from an account at DIB Bank, belonging to Allan Akuno Ochieng, to KCB Bank, while being aware that these funds were also proceeds of crime.
