A Nairobi businessman has been charged at Miliamni Law court with conspiracy to defraud beneficiaries five storey buildings in Nairobi worth Ksh.230 million.
Nilesh Jayantilal Lalji Kotedia the Trustee of Lalji Mulji Jetha Trust Deed was charged that on unknown dates within the republic with others yet to be arrested, conspired to defraud the beneficiaries five storey building situated at Latema Road valued at Ksh.230 million.
The court heard that Nilesh conspired to fraudulently transfer, sell, and convert the said property to use not authorized by the Trust Deed.
He was also charged with selling the property against the wishes of the Trust.
Appearing before Milimani Chief Magistrate Susan Shitubi in Nairobi, the accused denied the charges and was released on a bond of Ksh 2 million with an alternative cash bail of Ksh 1 million.
The case proceeds in court.