Suspect Behind Ksh. 94.2M Investment Fraud Charged

She also faced another charge of conspiring to defraud Boniface Mulwa Nzinga Ksh 15.5 million by falsely pretending she was able to invest in a collective investment scheme on his behalf.

Caroline Mumbi Kibaru | Director of County Capital Limited - PHOTO - CYRUS KIMANGA/ UZALENDO NEWS

A middle-aged woman was arraigned in court with various counts of fraud.

Caroline Mumbi Kibaru was arraigned before Milimani Chief Magistrate Micheni Wendy where she denied her charges of conspiracy to defraud and obtain money by false pretence.

Caroline was charged that on diverse dates between January 1 and September 1 2018, at Nairobi, being the director of County Capital Limited Company, jointly with another accused person conspired to defraud Zipporah Mungai Ksh 61.5 million by falsely pretending she was able to invest in collective investment scheme on her behalf.

She also faced another charge of conspiring to defraud Boniface Mulwa Nzinga Ksh 15.5 million by falsely pretending she was able to invest in a collective investment scheme on his behalf.

She was as well charged with defrauding John Mulinga Musyoka a sum of Ksh 19.7 million.

Further, she was charged with obtaining Ksh 61.5 million from Zipporah Waithera Mungai by false pretences.

She was released on a bond of Ksh 1 million with an alternative cash bail of Ksh 400,000.

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