Businessman Brian Yongo has been charged with forging a logbook to obtain Sh4 million from a micro-finance institution.
Mr Yongo is accused of submitting a forged logbook for a Range Rover as security for the loan he took from Mwananchi Credit Limited.
Appearing before Chief Magistrate Francis Andayi, Yongo and Wayaga Construction Company Limited were charged with forging a motor vehicle log book serial number L313075G for motor vehicle registration number KCH 856 A make Range Rover sport black in colour purporting it to be a genuine log book issued by the registrar of motor vehicles.
He is accused that on November 24, 2016 at Eco Bank Towers in Nairobi, he fraudulently uttered a forged log book to Anne Mukami Muturi purporting it to be genuine.
The court heard that on November 24, 2016 at Family Bank, Kenyatta avenue in Nairobi within Nairobi County, jointly with others not before the court, with intent to defraud from Mwananchi credit Limited Sh 4 million be pretending that that the security of log book was genuine.
Yongo is also charged with being in possession of suspected stolen properties contrary to the law.
Prosecution said that on October 27, 2018 at Eco Bank towers, in Nairobi within Nairobi County having been detained by a police officer, he had in his possession a Range Rover sport black in colour reasonably suspected to be stolen.
It is said that the businessman defaulted in paying and when the lender impounded the vehicle and tried to sell it, it discovered that the logbook was not in the system of the National Transport and Safety Authority and the Kenya Revenue Authority.
He was released on Sh 500,000 bond or a cash bail of Sh 300,000.
