Businessman Charged With Selling Motor Vehicle Charged To A Bank

A man has been charged with fraudulent disposition of mortgaged goods and obtaining Sh3.5 million through fraudulent tricks.

Mark Oscar Shikali is accused of disposing a mortgaged motor vehicle without the consent of Sidian Bank, the mortgagee.

Shikali is alleged to have committed the offense on diverse dates between 1st September 2023 and 10th August 2024 at unknown place within Nairobi County, with intent to defraud.

The accused is also facing a charge of cheating.

The court heard that by means of fraudulent tricks, Shikali obtained Sh 3,559,800 from Peter Michael Mwaura Kisuri by pretending that he was in a position to sell to him a vehicle that he repossessed fraudulently.

He denied the charges when he appeared before Senior Principal Magistrate Martha Nanzushi.

The court ordered him to deposit cash bail of Sh 100,000.

The accused person was also directed to provide two contact persons upon payment of the cash bail.

The case will be mentioned on 13th September 2024 for pre-trial.