Company director accused of fraud siphoned Sh356 million to personal accounts, court hears
The court heard that an auditor's report concluded that between 2021 and 2024, the company had lost Sh356.7 million.
A director of Oki Trading Kenya Limited has testified before a Milimani court that a former company director siphoned more than Sh356 million before resigning to start his own firm.
Appearing before Senior Principal Magistrate Dolphina Alego, Deepak Rajoria, now a director at Oki Trading Kenya, narrated how the accused, Honey Katwani, allegedly diverted millions of shillings belonging to the company.
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Rajoria told the court that he previously worked with the parent company in Dubai before being appointed a director in Kenya in January this year. Upon assuming office, he discovered missing funds and critical company documents.
"I was an employee of the mother company based in Dubai, and when I came to Kenya, I was appointed as a director of the company," he said, adding that an internal audit revealed major discrepancies.
The court heard that an auditor's report concluded that between 2021 and 2024, the company had lost Sh356.7 million. It was further alleged that Khatwani, an Indian national, diverted client cheques into his personal bank account as well as his and his wife's M-Pesa accounts.
The prosecution also claimed that Khatwani fabricated invoices reflecting lower amounts than what clients had actually paid.
Investigations further revealed that he allegedly used part of the funds to establish Galaxy Middle East Africa Limited, a new company he registered jointly with another former employee before resigning from Oki Trading.
Khatwani has since been charged with stealing USD 2,786,174.40 (approximately Sh356.7 million), money which came into his possession by virtue of his position as director of Oki Trading.
The alleged offences are said to have occurred between January 1, 2020, and June 30, 2024, in Nairobi County.
The court was told that the stolen funds belonged to Oki General Trading Limited.
The hearing resumes on September 22, 2025.
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