BY SAM ALFAN.
Two directors of an investment firm have been charged afresh with Sh100 million fraud.
Benson Kariuki Ireri and Caroline Muambie Kibaru of County Capital ltd appeared before Milimani Chief Magistrate Susan Shutubi and denied the charges.
Ireri, Muambie and the firm are accused of obtaining Sh61.5 million from Zipporah Waithira Mungai by falsely pretending that they invest the money on her behalf.
The court heard that they committed the offence on diverse dates between January 1, 2015 and September 1, 2018 at Waterssys Plaza in Nairobi, being directors of County Capital Limited with intent to defraud.
The two and the company are also accused of conspiring to defraud John Musyoka of Sh19.7 million by falsely pretending that they could invest in a collective investment scheme on his behalf.
The charge sheet stated that they committed the offence on diverse dates between March 31, and 22 June 2017 at Waterssys Plaza in Nairobi.
They are also accused of defrauding Boniface Nzinga of Sh15.5 million, between January 1, 2015 and 1 September 2018.
They are further accused that on diverse dates between 3 March 2016 and 12 June 2017 at Waterssys Plaza in Nairobi being directors of County Capital Limited conspired to defraud Shadrack Musyoka of Sh 8 million by falsely pretending that you were able to invest in a collective investment scheme on his behalf, a fact you knew to be false.
The prosecution also preferred charges of carrying out business as a collective investment scheme without valid license issued by Capital Markets Authority or Central Bank of Kenya.
They are out on bail.
