Home Court News Businessman Charged in Sh 20M fraud

Businessman Charged in Sh 20M fraud

by Robert Guyana

A Businessman has been charged at Milimani Law Courts with Sh 20 Million Sugar fraud.

Yahye Elias Bare has appeared before magistrate Dolphina Alego and denied all counts.

The court has been informed that he committed the offense on diverse dates between 9th December 2022 and 3rd May 2023.

He is charged that together with others not before court, he conspired to steal condemned brown sugar intended to be used as a raw material for distillation of Industrial Ethanol valued at Sh 20,064,000 the property of Kenya Revenue Authority

Appearing before magistrate Dolphina Alego, Bare pleaded not guilty to a second charge of stealing the Said Sugar at Kings Commodities Limited Go-down at Makongeni area Thika Township within Kiambu County.

He is also facing a third count of interference of goods subject to customs control.

The court was told that there are other accused persons that were charged with similar offences and that the matter will be consolidated. He was released on a cash bail of 400,000 shillings. The matter will be mentioned on the 10th of JANUARY 2024.

Through his lawyer LSK president Eric Theuri, the accused pleaded with the court to be released on favorable bond terms.

The court was informed that this matter is yet to be consolidated with another one that is still in court.

He was released on Sh 800,000 bond plus one surety or a cash bail of Sh 400,000 and one contact person.

The matter will be mentioned on January 10,2023.

You may also like

Leave a Reply

About Us

Justice Today Kenya is the premier source of news, commentary, and analysis the goings-on in the legal corridors in Kenya. It delivers news on court judgments, upcoming cases, current hearings, scholarly perspectives, practical insights, updates, and more, as well as news and features that touch on justice.

error: Content is protected !!