A businessman has been charged with Sh 16 million fraud after failing to invest the money for a client.
Peter Mutua Maithya is accused of obtaining Sh 16,750,000 from Janet Middah Ngota by falsely pretending that he was making capital investment for her benefit, a fact he knew to be false.
Maithya who is charged alongside his company, Vimcape Capital Limited is alleged to have committed the offense on diverse dates between 26th January 2020 and 13th September 2021 at the company’s offices at Bruce House in Nairobi, with intent to defraud.
He denied the charges before Chief Magistrate Lukas Onyina and was granted a bail of Sh 1.5 million.
