Director of Push Park Development Limited has been charged with conspiracy to defraud Makindu motors Ksh 15 million.
The Director pleaded not guilty to two counts of obtaining money by false pretense and conspiracy to defraud contrary to section 317 and 313 of the penal code.
Joshi Kalpesh Manchha Shankar was arrested on 3rd August released on a Police bond and directed to appear before Milimani Chief Magistrate Micheni Wendy to answer the charges.
The State prosecutor Anderson Gikunda informed the court that Joshi Kalpesh Manchha Shankar being one of the Directors together with others, conspired to defraud Stephen Ngei and Makindu Motors 15 million Kenya shillings.
It was alleged that the criminal offence was committed on 2nd and 4th of October 2012, at Nairobi city within Nairobi County.
In a separate count the accused was alleged to have obtained Ksh. 15 million from Stephen Ngei and Makindu Motors by falsely pretending that he was to invest the said amount in Development of a housing project namely White OAK apartments.
Upon completion, they were to earn a profit of Ksh 8 million.
The accused through his lawyer applied to be released on a reasonable bond stating that he has been out on a police cash bail of Ksh 50,000.
The court however, freed him on a bond of Ksh 5 million a cash bail of Ksh 2 million shillings.
