Two in Mombasa charged with Sh200m fraud
Pavan Kentan Ramji Shah and Anderson Kombe Hare allegedly collaborated to defraud four organisations by withdrawing funds using counterfeit cheques.
Two people appeared at a Mombasa court on Monday on accusations including stealing Sh200 million.
Pavan Kentan Ramji Shah and Anderson Kombe Hare allegedly collaborated to defraud Igsar Group Company Limited, Husaaba Trading Company Limited, Sunova International Limited, and Inland Logistics by withdrawing funds using counterfeit cheques.
Shah was also accused of theft by a servant, as per Section 281 of the Penal Code, for allegedly stealing money entrusted to him in his capacity as an accountant of the four firms.
Additionally, he faced a charge of false accounting, in violation of Section 328 of the Penal Code, Chapter 63 of the laws of Kenya.
The allegation was that he falsified entries in the companies' accounting records, specifically by completing fraudulent Bwanyange Limited ABSA bank cheques, indicating receipt of Sh200,585,052 from Bwanyange Limited for goods payments, forex trading remittances, and other related transactions.
The alleged offences occurred between June 20, 2018, and September 30, 2020, and on February 22, 2021, at the offices of Igsar Group at the Canon Towers building in Mombasa County.
The two denied the charges and were granted release on Sh5 million bond with two sureties.
Senior Resident Magistrate Gladys Olimo issued warrants for the arrest of Alex Mutemi Mwenga, Robert Wangila Wandera, and Barnabas Agar.
The case, prosecuted by Hilary Asiaho, is scheduled for a pre-trial hearing on March 26, 2024.
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