Businessmen charged over Sh 2M land fraud through Daily Nation Advertisement


Two businessmen have been charged with conspiracy to defraud over Sh 2 million in fraudulent land sale through an advertisement in the Daily Nation newspaper.

Joseph Gikonyo Thuo and Morris Mbuchu Gikonyo are accused of conspiring with intent to defraud Mary Waithera and Jane Wairimu Njogu through the advertisement  pretending that they were carrying out a legal business of selling land at Countryside Coffee Gardens located in Thika (Land LR No. Block 1/6428) Thika Kabati within Kiambu County to any person who would remit to Thuo Investment Company Limited Sh 2,250,000 for three acres of land, a fact they knew to be false.

The accused persons are further charged alongside Thuo Investment Company limited with obtaining the money from Waithera and Njogu by falsely pretending that they were in a position to sell to them the three acres of land on behalf of Thuo Inv. Co. ltd.

The accused persons are alleged to have committed the offence on diverse dates between May 2011 and May 2012 with intent to defraud.

Thuo and Gikonyo are facing other charges of making false allotment letters for the said piece of land.

Further, Thuo and his other company, Thuo Company Limited are charged with obtaining Sh 750,000 from Anthony Munyiri Kihara by falsely pretending that he was in a position to sell to him one acre of the above mentioned piece of land, a fact he knew to be false.

Alone, Thuo is also charged with making more fake allotment letters for the said property and purporting them to be genuine and signed by two directors of Thuo Inv. Co. Ltd.

The accused persons denied the charges before Senior Resident Magistrate David Ndungi and were released on a cash bail of Sh 50,000 each.