Businessman Brian Yongo has been charged before a Nairobi court with falsely obtaining Sh 4 million loan from a micro-finance using a forged log book.
The court heard that on 24th November 2016 at Family Bank, Kenyatta avenue branch in Nairobi within Nairobi County, jointly with others not before the court, with intent to defraud Mwananchi credit Limited obtained Sh 4 million by pretending that the security of a log book of a range rover sport was genuine.
The accused was further charged with forging the Range Rover KCH 856A log book.
The court heard that on unknown dates and place within the republic of Kenya, jointly with others not before court and with intent to defraud, Yongo forged the log book serial number L313075G for the black range rover sport purporting it to be genuine.
In addition, Yongo faced a charge of being in possession of suspected stolen property.
It s alleged that on 27th October 2018 at Eco Bank towers in Nairobi, having been arrested by officers David Opili and Peter Nderitu, had in his possession the range rover reasonably suspected to have been stolen or unlawfully obtained.
Lastly, the businessman was charged with uttering the forged log book to Annie Mukami Muturi at Eco Bank towers on 24th November 2016.
It is alleged that Yongo defaulted in paying which lead to the vehicle being pounded by the lender.
However, when the lender tried to sell it, it discovered that the logbook was not in the system of the National Transport and Safety Authority (NTSA) and the Kenya Revenue Authority (KRA).
He was released on a bond of Sh 500,000 or alternative cash bail of Sh 300,000.
The case will be heard on 27th November 2018.
