Brighter Africa Limited directors have been charged with conspiracy to defraud two investors over Sh 28 million in a collective investment scheme.
The couple, Brian Mukolwe and Yvette Atieno Okoth are accused of conspiring to defraud Andanje Sheila Buyechero of Kenya Shillings 20,750,000 by falsely pretending that they were able to invest in a collective scheme on her behalf, a fact they knew to be false.
The two are alleged to have committed the offense on diverse dates between 1st May 2021 and 30th April 2024 within Nairobi.
In another count, Mukolwe and Okoth are accused of conspiring to defraud Ernest Were Sh 8,786,100 under the same pretext.
This offense was allegedly committed on diverse dates between 1st June 2019 and 30th March 2023 in Nairobi.
The couple is also charged with carrying out a micro-finance business as a collective investment scheme without a valid license from the Central Bank of Kenya and Capital Markets Authority (CMA).
They denied the charges before Chief Magistrate Lukas Onyina and were released on a cash bail of Sh 100,000 each.
