MAN IN COURT OVER 8 MILLION LAND DEAL.

A businessman has been charged with obtaining over Sh 8 million through his company, Miami Properties limited in land sale deal.

David Somoire Shanka appeared before Milimani Chief Magistrate Francis Andayi and pleaded not guilty.

He is accused of obtaining the Sh 8,970,002 from Deepak Prenchand Shah of Sigma Supplies Limited on 24th April 2010 at I&M Bank in Nairobi with intent to defraud.

Shankar further faced two counts of obtaining registration of the two parcels of land belonging to Herman Syanda Kanyoro  falsely on 2nd August 2004 and 12th August 2010 respective to his company.

He was releases on a cash bail of 500,000 and bond of 1 million.