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City businessman linked to Sh4.8 billion fraud deal

By Richard Munguti September 29th, 2022 1 min read

Two city traders are battling charges of conspiring to defraud an international businessman of billions of shillings.

Kevin Otieno and Charles Junior were charged with the offence before Milimani senior resident magistrate Bernard Ochoi.

They are accused of conspiring to defraud Sandip Sharna of Sh4.8 billion.

Sharna is a Phillipian national.

The suspects are said to have presented themselves as businessmen who deal in gold.

They offered to sell the precious metals to the suspect but their plans were nipped in the bud.

Otieno and Junior applied to be freed of bond a plea state prosecutor James Gachoka did not oppose.

They were released on a bond of Sh50m plus one surety of the same amount.

Ochoi ordered the case to be mentioned in a fortnight.

He also directed them to secure their release failure to which they will be held in prison custody.

The matter will be heard on 12th October.