Osman Abullahi Osman allegedly disposed motor vehicles worth Sh228,100,000 which had been mortgaged from Credit Bank Limited without the consent and knowledge of the bank.
He allegedly committed the said offense on diverse dates between March 21 2016 and May 21, 2018 jointly with another person who was not in court.
Osman who is a mortgager at the said bank was also charged with three other counts of forgery.
He allegedly forged a Credit Bank banking slip of Sh995,000 dated December 24, 2018.
He is accused of forging two other banking deposit slip of Sh996,000 and Sh998,000 which he deposited at Credit Bank Ongata Rongai Branch.
He appeared before Nairobi Chief Magistrate Francis Andayi and denied the charges.
The court released him on a cash bail of Sh500,000 or a bond Sh1 million.
The case will be heard on May 2.
