News
Bidsworth CEO Mucheru Charged With Sh30M Fraud
The CEO of Bidsworth Auto-Rent Company was on Wednesday arraigned before a Nairobi court and charged with obtaining Sh 30 M by allegedly using fraudulent tricks.
It was alleged that Keeru Ngugi Mucheru obtained the said money in February 2023.
It was alleged that he defrauded Ng’enda Location Ranching Company the money by falsely pretending that he would invest in his company and give Ng’enda Location a monthly interest of 15%.
He was further charged with fraudulently obtaining Sh 1 M from Winnie Adoyo Ong’ondo by falsely pretending that he would invest the money and give her 15% monthly interest.
He faced another charge of obtaining Sh 2.95M from other unsuspecting victims using similar tricks.
Further, the prosecution alleged that in March and April 2023, the suspect fraudulently obtained Sh 1.9M from two other victims pretending he would invest the money in his company and give them monthly interest of 15%.
He denied the offenses before Magistrate Robinson Ondieki and was detainedin police cells awaiting bail and bond determination.
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