A director of Oki Trading Kenya Limited has narrated to court how the former director stole Ksh 356 million before resigning and starting his own company.
While giving his testimony before the Milimani Senior Principal Magistrate Dolphina Alego,Deepak Rajoria who is now the Director of Oki Trading Kenya Limited explained how the accused person Honey Khatwani, misappropriated Ksh 356 million from the company.
Deepak said Khatwani used the money he stole from the company to open his own similar business.
Deepak who had been an employee of the Company, in Dubai told the court that he joined the company on January this year as a director and realized there were funds and documents that were missing,
“I was an employee of the mother company based in Dubai and when i came to Kenya i was appointed as a director of the company,” he told the court.
He recognized the complainant as a former employee and the Director of the company by July 2024.
Khatwani who is an Indian national is alleged to steal the said fund to facilitate his own company Galaxy Middle East Africa Limited, which he started before resignation. The court heard that, he registered as a director jointly with another former employee.
When he ‘Deepak’ realized there was funds and important documents missing, they invited a an auditor who concluded between years 2021-2024, the company had lost Ksh 356,711,806.
Another revelation that was made is that, he had authorized some of the company’s funds and clients cheques to be deposited in his personal account and through his own and wife’s M pesa accounts.
He was further alleged to make fake invoices for the company which indicated reduced amount of cash than that was received from clients.
Khatwani was charged with stealing $2,786,174.40 (approximately Ksh.356,711,174.40) from (OTCL) the money which came to his possession by virtue of his employment.
The alleged offence occurred between January 1, 2020, and June 30, 2024, at Barbado within Nairobi County.
The court heard that the funds belonged to OKI General Trading Limited and were allegedly stolen by Khatwani in his capacity as a company director.
The hearing of the matter will resume on September 22,23,24,25 this year.
