Man behind Barclays bank’s Sh20Million saga claims the cash was genuine


The man behind the Sh20million fake cash seized at Barclays bank wants the cash to be produced in court after he insisted that the cash was genuine.

Lawyer Erick Otieno Adede has asked the court to authorize the Directorate of Criminal Investigations to present the cash in court arguing that the amount was not fake.

According to Mr. Adede, the DCI is unlawfully holding onto the monies which rightfully belong to him.

“It is just and equitable that the applicant be heard on a priority basis so that his grievances be remedied without delay,” said his lawyer Martin Oloo.

Mr. Adede was arrested on March 19th over allegations that he was in possession of Sh20 million in fake cash and 41.373kgs of brass.

He was however released on a Sh1 million cash bail after he pleaded not guilty to the allegations.

The case will commence on May 9.

Mr Adede was arrested on March 19, alongside traders Mohamed Ejaz alias Shah, Mary Wanjiru Mwangi alias Elizabeth Muthoni and Irene Wairimu Kimani.

They all faced a joint charge of conspiring to defraud businessman Mr Muriithi Materi Mbuthia of Sh20 million at the bank’s Queensway branch, while pretending to be investors.

He pleaded not guilty to allegations that police found $20, 067,900 as fake money and 41.373 kilogrammes of brass at the bank.

He was freed on a Sh1 million cash bail and the rest on a cash bail of Sh300, 000 each.

The criminal case is set to begin on May 9.


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