BY REPORTER.
A man has been charged with over 4.2 million gold fraud.
Sikanda Ismael Abdalla alias Salim appeared before Milimani Principal Magistrate David Ndungi denied the charges.
Sikanda is accused that on diverse dates between March 13 and 28, at Riverside and Westgate Mall obtained from Amit Srivastava of Ibrahim Ahmed General Trading of USD 42, 600 equivalent to Kshs 4,260,000 by falsely pretending that he was in a position to sell to him 10 kilograms of gold, a fact he knew to be false.
The court heard that on March 13, at an unknown date and place with others not before court and with intent to defraud, Sikanda made a pro-forma invoice dated March 11, 2020 to Ahmed Ismael Ibrahim general trading company, purporting it to be genuine drawn Kunil Young International Ltd.
He is also charged with impersonation. The charge sheet stated that on March 7, at Riverside in Lavington area, Nairobi with intent to defraud, Sikanda falsely represented himself to be the CEO of Kanul Young International limited.
Prosecution has listed five people to testify against Sikanda including the complaint and investigating officer. He will remain in custody.
Shikanda is facing other cases over fraudulent gold transactions. Sikanda denied all the charges and was released on cash bail of Sh1 million or an alternative bond of Sh2 million by Milimani Senior Resident Magistrate David Ndungi.
He spent a night in custody after failing to raise the cash bail.
