AGRIBUSINESS DIRECTOR DENIES OBTAINING MILLIONS FROM INVESTORS.

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BY SAM ALFAN.

The director of Goldenscape Greenhouse limited Mr Peter Wangai Muriithi was yesterday charged before a Nairobi court with obtaining millions from investors for investing in greenhouses.

Wanagi denied a total of 21 counts when he appeared before chief magistrate Martha Mutuku. The charges stated that he obtained the money from investors by asking them to invest in his agribusiness company, for better returns.

One of the charges stated that he obtained Sh1.04 million from Eunice Mosiara on diverse dates between January 31 and September 19, 2019.

It is alleged that he received the money at his Goldenscape Greenhouse Ltd offices at Kimathi House in Nairobi, for three greenhouses and falsely pretended that he was in position to pay her Sh275,000 return investment on each greenhouse after every six months.

The court also heard that he obtained Sh1.99 million from Alice Waithera on July 12, 2019, for five greenhouses. He allegedly obtained Sh1, 840,000 from Douglas Ng’ang’a, for four greenhouses.

Through their lawyer, the investors who lost their money pleaded with the court to compel him to deposit his passport in court, saying he was likely to flee the country. The court further heard that two other directors of the company have allegedly fled the country to South Africa.

While opposing the plea, Wangai’s lawyer dismissed the allegations saying he was the sole director of Goldenscape.

The court directed him to deposit a bond of Sh5 million with one surety or alternative cash bail of Sh2 million, to secure his release.

The case will be mentioned on April 1.

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