Senior Principal Magistrate Gilbet Shikwe has ordered the Interpol to expedite the arrest of a wanted fugitive over alleged transfer ownership of trucks owned by a logisitcs company that were used as security for a Sh700 million loan.
Guarav Jayeshkumar Kotecha is said to be hiding in the United Kingdom.
The suspect is said to have failed to appear in court on several occasions for plea taking.
Jayesh Kumar Kotecha and Midland Hauliers limited have already been charged with conspiracy to defraud Prime Bank limited Sh 700 million.
According to court documents, on April 29, 2019 at Midland Hauliers limited (under administration) the suspected jointly conspired to transfer three vehicles.
The vehicles were set to be transferred to Hakika limited without the administrator’s authority.
The matter will be mentioned on January 18,2022.
The court is expected to be briefed on efforts to apprehend the second accused person.
There's no story that cannot be told. We cover the stories that others don't want to be told, we bring you all the news you need. If you have tips, exposes or any story you need to be told bluntly and all queries write to us [email protected] also find us on Telegram
