A 57-year-old teacher, Julius Gatobu, was on Thursday arraigned in a Meru Court after he was charged with stealing Sh10 Million from the Commercial Bank of Africa (CBA).
The court was told how, between December 7, 2015, and July 20, 2016, Gatobu stole Sh10,716,050 in conjunction with another person who was not in court.
Mr Gatobu is the owner of Nkubu Victory Academy and is also a member of the Rotary Club.
Of the Sh10 Million that he allegedly stole, Sh7 Million was meant for the Rotary Club's Dreams benefits for three schools in Meru and the Tuinuane Village Project in Molo.
The remaining three million was meant for the Ontulili Literacy Project in Meru.
[caption caption="A Commercial Bank of Africa branch"]
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Mr Gatobu had been put in charge of these projects on behalf of the Rotary Club.
He is alleged to have falsified bank statements and receipts in a bid to cover his tracks.
Appearing before Senior Principal Magistrate Monica Maroro, Mr Gatobu denied the charges brought against him.
He was released on a Sh10 Million cash bond or a Sh5 Million cash bail.
The matter will be mentioned on December 7, with a hearing scheduled for January 16, 2018.
[caption caption="Rotary Club Of Meru officials at a past event"]
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