A Briton of Indian descent has been charged with defrauding a private university of Sh20 million by pretending to be in a position to sell land to the institution.
Vallabh Haribhai Bakrania was accused of obtaining Sh20 million from Mt Kenya University on November 27, 2020.
The court heard that with intent to defraud, he obtained the money by claiming that he would sell a parcel of land to the university.
He appeared before Milimani chief magistrate Wendy Kagendo and denied the charges.
The charge sheet stated that Bakrania obtained the said money by falsely pretending that he was in position to sell and transfer to the university a parcel of land in Nairobi’s Industrial Area.
The land measures approximately 0.0602 hectares and valued at Sh200 million.
The court ordered him to post a bond of Sh1 million or an alternative cash bail of 1Million to secure his release.
The court also ordered the businessman to deposit his British passport in court.
The case will be mentioned on May 19, for pre-trial directions.