TWO IN COURT OVER SH2 MILLION INVESTMENT FRAUD.

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Henry Figondo and Faith Mugathia where they denied obtaining Sh2 million. /PHOTO BY IRENE ONYANGO.

Two have been charged with obtaining Sh 2 Million from a businessman pretending that they would help develop an investment plan.

Henry Figondo and Faith Mugathia were accused of obtained the money from Paul Mungathia Igweta, by falsely pretending that he was in a position to assist him invest in an export processing company.

The couple appeared before Milimani Senior Principal Magistrate Robinson Ondieki and denied the charge.

The court heard that the duo committed the offence on diverse dates between 1st October 2020 and 30th December 2021 at Kileleshwa, in Nairobi with intent to defraud.

The duo were also charged with conspiracy to defraud.

Through their lawyer Stanley Kang’ai, the duo told the court that the amount in question resulted from a misunderstanding of fund labels from a construction that has been ongoing for the past three years.

The lawyer pleaded with to grant them lenient bond terms.

The court directed each of the accused persons to deposit cash bail of Sh50,000 to secure their release.

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