Trader charged with Sh86m gold fraud
Sikanda Ismail Abdalla Saleh in a Nairobi court on September 15, 2017 where he denied four counts of obtaining money through pretense. PHOTO | PAUL WAWERU | NATION MEDIA GROUP
A trader has been charged with defrauding two international businessmen $830,500 (Sh85,520,447), alleging that he would sell them 970kg of gold.
Sikanda Ismail Abdallah Saleh was arraigned before senior principal magistrate Martha Mutuku where he denied four counts of obtaining money through pretense.
Mr Saleh was accused of defrauding Prakash Robert Deeplal Baichan $570,000 pretending that he would ship 435kg of gold to the United Arab Emirates.
The court also heard the accused received $209,500 from Mustaq Hafeji Dawood, pretending he would ship to him 100kg of gold to Lebanon and Kuwait.
He was released on bond and the case fixed for hearing October 25 2017.
Meanwhile, Frank Onchagwa Nyabwari denied fraudulently receiving over Sh1.6 million from Britam Company Insurance Ltd.
He allegedly raised four claims between June 20,2016 and June 2017.
He was released on a bond of Sh800,000 until October 25 when the case will be heard.
