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Originally published by Capital News
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August 11, 2026
1h ago

Karugu’s sons seek reduction of Sh700,000 bail in share transfer case

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...

✨ Key Highlights

The company secretary and two sons of former Attorney-General James Karugu are seeking a reduction of their Sh700,000 cash bail in a case where they are accused of fraudulently transferring their sister's shareholding.

  • The accused argue the Sh700,000 bail is excessive for a disputed share valued at only Sh100.
  • Key individuals involved are Jane Wangechi Kabiu, Eric Karugu, and Benjamin Karugu, accused of defrauding their sister, Victoria Nyambura Karugu.
  • The alleged fraudulent share transfer concerns Victoria Nyambura Karugu's share in Mathara Holdings Limited, with the matter set for mention on September 11, 2026.

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