Two directors of a private firm have been charged with Sh30 million fraud.
Brian Mukolwe and Yvette Atieno Okoth, who are directors of Brighter Africa Limited were presented before Milimani Chief Magistrate Lucas Onyina where they denied the charges.
It is alleged that they jointly conspired to defraud Andanje Sheila Buyechero of Sh20,750,000 by falsely pretending that they would invest in a collective scheme on her behalf.
The charges stated that they committed the offences on diverse dates between 1st day of May, 2021 and 30th April, 2024 in Nairobi County.
The duo were further accused of conspiring to defraud Ernest Were of Sh. 8,786,100 by falsely pretending that they would invest the money, an offence they allegedly committed on diverse dates between June 1, 2019 and 30th day of March 2023 in Nairobi.
The two accused persons further denied carrying out business as a collective investment scheme without valid licence issued by Capital Market Authority (CMA), and Central Bank of Kenya (CBK).
They were ordered to deposit bond of Sh 300,000 or alternative cash bail of Sh100,000 each, to secure their release.
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