Home Court News Company Director charged with Sh 14M land Fraud.

Company Director charged with Sh 14M land Fraud.

by Robert Guyana

Jonathan Kimutai Koskei the director Hadiko Company Limited has been charged with Sh 14M fraud.

They were charged together with Victor Baraza Odhiambo.

They appeared were arraigned before Chief Magistrate Lukas Onyina at Milimani Law Courts and denied all eight counts of defrauding the said company.

According to the charge sheet, the two accused persons jointly conspired to defraud Hadiko Company Limited’s land measuring 0.09 Ha valued at Ksh 14 million by fraudulently transferring ownership of the said land to the name of Jonathan Kimutai Koskei.

In the second count, they were charged with making a false agreement for the sale of land between Victor Baraza Odhiambo and Jonathan Kimutai Koskei dated February 14, 2013, purporting it to be genuinely drawn by M. Korongo Advocates.

Victor Baraza Odhiambo was charged separately with illegally obtaining land registration of land in Kitengela valued at Ksh 14 million pretending that it was genuinely transferred to him.

Jonathan Kimutai Koskei was too charged with using a fake sale agreement of the said plot of land to obtain Ksh 13 million credit from I & M Bank Kenyatta Avenue branch to facilitate a loan mortgage from the said Bank.

He was also charged with abuse of office to improperly confer a benefit by transferring the said land located in Kitengela to his name and using the same as collateral at I & M Bank to acquire a loan.

The accused persons however denied particulars of the charges and were released on a bond of Ksh 1 million.

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