BY PHEOBE WANJOHI.
Two businessmen has been charged with defrauding a company Sh38.1 million in a fake gold scam.
Tim Orao Shikalo alias Vincent Oloa Wanton and Steve Okoth Odek alias Andrew alias David N. Bett, who is the director of Youth in Business Africa were brought before Milimani principal Magistrate Caroline Nyaguthii over the scam.
It is alleged that they acquired the money on diverse dates between February 1, 2024 and August 2, 2024 in Nairobi, jointly with others not before court.
The charges stated that they conspired to steal 265,200 US Dollars (approximately Sh.38,188,800), from Asianic Ltd by falsely pretending that they were in a position to sell 580 kilograms of gold to the firm.
They were released on a bond on of Sh.3 million and alternative cash bail of Sh.800,000, each.
The case will be heard next month.
