ORDERED TO DEPOSIT PASSPORT

Briton charged with Sh700m fraud released on bail

Magistrate issued a warrant of arrest against his co-accused

In Summary
  • The two accused are jointly charged alongside their two companies namely M/S Midland Hauliers Limited and M/S Super Hakika Limited.
  • The court directed Kumar to deposit his passport in court pending hearing and determination of the case.
Milimani law court
Milimani law court
Image: FILE

A Brition accused of conspiring to defraud a city bank of over Sh700 million has been released on Sh2 million bail. 

Midland Hauliers Limited director Javesh Kumar Prabhudar Kotecha appeared before Milimani principal magistrate David Ndung'u where he was charged with fraudulent disposition of mortgaged goods.

He also faced other charges of performing a management function in a company under administration without the consent of the administrator, failure to submit statement of company affairs to the appointed administrator and failure to give appointed company administrator information concerning the company.

The magistrate directed him to deposit his passport in court pending hearing and determination of the case.

At the same time the magistrate issued a warrant of arrest against his co-accused Gaurav Jayeshkumar Kotecha, who is also a director in the same company for failing to appear in court to answer to the fraud charges.

This followed an application by the prosecution that the accused was not present in court to take a plea.

Prosecution told court that Gaurav is said to be out of the country and that he has not been complying with police summons.

The two accused are jointly charged alongside their two companies namely M/S Midland Hauliers Limited and M/S Super Hakika Limited.

The prosecution alleges that on April 29,2019 at Midland Hauliers (Under administration) offices along Kyangombe road, within Nairobi, the accused being directors and companies respectively with intent to defraud Prime Bank of Sh706,989,273, jointly with others not before court, conspired to transfer two motor vehicles from Midland Hauliers (under administration) to Super Hakika Ltd without the authority of the administrator.

 

-Edited by SKanyara