The Director of Public Prosecutions (DPP) has charged a Falcon Oil Limited employee over the alleged theft of KSh14.89 million belonging to the petroleum company.
Ismail Ali Ibrahim appeared before Nairobi Principal Magistrate Paul Mutai, where he denied charges of stealing, conspiracy to defraud, acquisition of proceeds of crime and use of proceeds of crime.
The prosecution alleges that Ibrahim stole KSh14,890,157 between December 1, 2025, and July 31, 2026, at an unknown location. The money is alleged to have come into his possession by virtue of his employment at Falcon Oil Limited.
Ibrahim also faces a charge of conspiracy to defraud. Prosecutors allege that he conspired with other individuals to unlawfully obtain money belonging to the company.
The court further heard that on April 25, 2026, Ibrahim allegedly acquired KSh300,000 from clients purchasing petroleum products from Falcon Oil. The prosecution claims he knew, or had reason to believe, that the money constituted proceeds of crime arising from the alleged conspiracy.
The charges follow investigations into the alleged loss of funds at Falcon Oil, after which the DPP approved the prosecution of the accused.
Ibrahim pleaded not guilty to all the charges.
Magistrate Mutai released him on a KSh3 million surety bond or an alternative KSh800,000 cash bail, with two contact persons.
The case will proceed through the courts as the prosecution presents its evidence against the accused.