Jayesh Kumar charged with Sh 700 M fraud at a Nairobi court

Briton summoned in Nairobi Court over Sh 700M fraud case.

A Briton has been summoned by a Nairobi Court to appear before it on September 29, 2021 to plead to over Sh 700 Million fraud charges.

Magistrate David Ndungi has directed Gaurav Jayeshkumar Kotecha to travel to Kenya on that day for plea taking.

“This court cannot rule out the possibility that Gaurav is affected by Covid-19 as alleged because this is the condition that is within the world,” added Ndungi.

He added that he understands that Gaurav is the director to Super Hakika Company and he will plead on behalf of it that day.

In the case, there are four accused persons where two are companies.

The first accused is Jayesh Kumar is charged that on April 29,2019 at Midland Hauliers Limited (under administration offices along Kyangombe road, being directors and companies respectively, with intent to defraud Prime Bank limited Kenya of Sh 706,989,273.He has pleaded not guilty to the charges and is out on bail.

The accused is said to have conspired to transfer motor vehicles from M/S Midland Haulers Limited (Under administration) to M/S Super Hakika Limited without the authority of the Administrator.

The intended charge sheet against Gaurav and M/S Midland Haulers are accused that on April 29, 2019 at M/S Midland Haulers Limited (Under administration) offices along Kyangombe road ,within Nairobi County respectively, and a mortgage of aggregate facility  of Sh 706,989,273,granted to them by prime bank .

He is said to have disposed mortgaged goods which are 3 motor vehicles Chassis number from M/S Midland Hauliers ltd (Under administration) to M/S Super Hakika Limited without the consent of M/S Prime Bank (K) ltd, the mortgagee.

Kumar is being accused in the third count with performing a management function in a company under administration without the consent of the administrator, contrary to the law.

He is accused that on similar dates and place, performed a management function without a consent.

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