Company director who allegedly defrauded three Kenyans out of their KSh104M in court

for Tv47 Digital September 21, 2022, 05:28 PM

A company director has been charged with obtaining over KSh104 million from members of the public by false pretense.

Caroline Mumbi kibaru was arraigned before Milimani Chief Magistrate Court where she denied the charges that between 1st January 2015 and 1st September 2018, being a director of County Capital Limited, she with another one already before court conspired to defraud Zipporah Waithira Mungai of KSh61,516,000 by pretending that they were in a position to invest in a collective investment scheme on a her behalf, a fact they knew was false.

Kibaru - who is a co– director of the company with her husband - is also accused of defrauding Boniface Mulwa Nzinga of KSh15.5 million and John Mulinga Musyoka of KSh19.7 million.

She denied two counts of issuing bad cheques.

She further faces a charge of carrying out a business as collective investment scheme without a valid license from Central Bank of Kenya.

Milimani chief magistrate Wendy Muchemi ordered Kibaru to be freed on a cash bail of KSh400,000 or a bond of KSh1 million.

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