A Trustee of Lalji Mulji Jetha Trust Deed has been charged with fraudulently selling and transferring Sh 230 million property along Latema road, Nairobi.
Nilesh Jayantilal Lauji Kotendia is accused of fraudulently transferring and selling the said property against the wishes and use authorised by the trust with intent to defraud the beneficiaries.
Kotendia is alleged to have committed the offence on or about the 15th March 2019 at Catherine Ngunjiri Advocates office within Nairobi County, being a trustee of Lalji Mulji Jetha Trust Deed including and not limited to a five storey building on LR. No. 209/2303 IR No. 81316 along Latema Road within Nairobi CBD valued at Sh 230 million.
The accused is also charged with conspiring with others not before court to fraudulently transfer, sell and convert the property to use not authorised by the trust deed.
In addition, Kotendia is accused that on the 11th December 2012 at Victoria M. Mwangome Advocates office within Nairobi County, before Victoria Mwangome Advocate, a person authorised to administer oath, he swore an assent upon a matter of public concern to the effect that the five story building was registered in the name of his late father Jayantilal Lalli Mulji Kotedia, giving him authority to convert it to a use not authorised by the trust.
He denied the charges before Chief Magistrate Susan Shitubi and released on a cash bail of Sh 1 million.
