Karugu’s sons seek reduction of Sh700,000 bail in share transfer case
The three are facing criminal charges over the alleged fraudulent transfer of one ordinary share belonging to their sister, Victoria Nyambura Karugu.
NAIROBI, Kenya – A former Attorney-General's secretary and his two sons, charged with fraudulently transferring their sister's shareholding, have requested the Milimani Law Courts to significantly reduce their Sh700,000 bail each. Jane Wangechi Kabiu, Eric Karugu, and Benjamin Karugu contend that the bail amount is excessive and does not correspond to the value of the disputed share, which they estimate at just Sh100.
In an affidavit, Eric Mwaura Karugu argues that the court should factor in the share's value when setting bail. He maintains that the alleged transaction merely relocated the share from one company to another, leaving it registered in their sister's name. The accused also explain that they had to seek assistance from friends and relatives to meet the bail requirement, but now face financial pressure as those who aided them demand repayment.
Their lawyer highlights that the cash bail terms are unreasonable and at odds with Article 49 of the Constitution, which mandates bail on reasonable conditions. The three have pledged compliance with all conditions since their release and willingness to adhere to any alternative terms if the bail is reconsidered. They seek a substantial reduction in the cash bail or alternative conditions.
The case, involving alleged fraud against Victoria Nyambura Karugu over a share in Mathara Holdings Limited, is set for further proceedings on September 11, 2026.
Written by urgent.news from Capital FM Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
