Benson Ndeta, the chairman of Savannah Clinker, has been released unconditionally following a High Court order that halted his prosecution and detention.
Despite the directive issued last Friday, Ndeta spent the weekend in custody before being freed on Monday.
Magistrate Gilbert Shikwe deferred a decision on Ndeta’s bail and scheduled the next mention of the case for January 30, 2025.
Did you read this?
The businessman faces serious allegations, including defrauding ABSA Bank of USD 35 million (equivalent to Ksh 4.5 billion) while allegedly acting on behalf of Savannah Cement Limited. Charged with eight counts, Ndeta is accused of conspiracy to commit a felony, obtaining security execution through pretenses, and falsifying documents.
He denied all charges, which include obtaining credit by false pretenses, unauthorized document creation, and presenting forged documents as genuine.
Represented by his lawyer, Cecil Miller, Ndeta has requested cash bail while awaiting the case’s hearing and determination. He has also shown interest in acquiring Bamburi Cement and will appear for a High Court mention on January 21, 2025, for further directions.
