News
Businessman Charged With Defrauding Forex Bureau of Sh 4.2M in Fake Cheque Scam
A businessman has been charged with defrauding Muthaiga ABC Forex Bureau over Sh 4.2 million.
Mohamed Sumeer is accused of obtaining USD 2,500 (Apprx Sh 326,250)from the bureau by falsely pretending that he was issuing genuine cheque in Kenyan currency equivalent to the said US dollars, a fact he knew to be false.
Sumeer is alleged to have committed the offense on 1st March 2025 at Muthaiga ABC Forex within Westlands, Nairobi, with intent to defraud.
The accused is also charged with obtaining USD 30,000 (Apprx Sh 3,915,000) from the said bureau by falsely pretending that in exchange, he was issuing genuine cheque in Kenyan currency equivalent to the said US dollars.
This offense was allegedly committed on 3rd March 2025 at Muthaiga ABC Forex.
Sumeer faces five other charges of issuing bad cheques in favor of Muthaiga ABC Forex Bureau.
The accused is accused of issuing the said cheques on the DTB bank account knowing the said account had insufficient funds.
He denied the charges before Senior Principal Magistrate Dolphina Alego.
The accused person told the court that he had entered into an agreement with the bureau on how to repay the said money in installments.
The court heard that he had already paid the first installment of Sh 500,000 and was only arrested after a delay in paying the second installment which was as a result of his mother falling sick.
Sumeer was granted a bond of Sh 2 million with alternative cash bail of Sh 500,000 and two contact persons.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
Denial Under Duress: The Untold Collapse Threatening David Lagat’s DL Group’s Empire
Stung By West Africa Rejections, France Courts Rest Of Continent at Kenya Summit
THE INSURER THAT TOOK YOUR PREMIUM AND FORGOT YOUR NAME: How ICEA Lion Left a Client Begging for Sh7.8 Million Across Four Months
Safaricom’s Sh1.4 Billion Reckoning: How Kenya’s Most Profitable Company Stole a Man’s Idea and Got Caught
Bush Air Safaris Founder John Ndiritu Risks Losing Property Over Disputed Loan Claim
Bia Tosha’s Claim For Injunction Is Designed To Sabotage The Sh300bn Sale of EABL Shares
KDC Accelerates the Creative Economy, Innovation and Youth-Led Enterprise Growth at Africa Forward Summit
Luxury Play for Influence: Inside Kempinski’s High-Stakes Bet on Brazzaville
Kenya Rallies Behind Justice Njoki Ndung’u in Historic Bid for ICC Judgeship
The $24 Million Heist at the End of the World
How Did a Sh468K KRA Salary Allegedly Turn Into Sh30 Billion? Questions Deepen Over Commissioner George Obel and Ciala Resort Owner’s Wealth
Nairobi Freezes Binance Accounts in Sweeping Anti-Fraud Crackdown as Global Scandal Record Haunts World’s Largest Crypto Exchange
The Man Behind the Badge: How Prof. Erastus Kanga Turned Kenya’s Premier Wildlife Agency into a Theatre of Corruption, Fear and Impunity
THE UNTOUCHABLE CLERK: How Fatuma Mwalupa Allegedly Turned Kwale Assembly Into a Personal Treasury and Outsmarted Scrutiny
THE BRAZEN RETURN: Triton Thief Yagnesh Devani, Who Pillaged Kenya of Sh7.6 Billion and Fled, Now Asks the Same Courts He Escaped to Restore His Stolen Wealth
Green Gold, Rotten Roots: How Kenya’s Biggest Avocado Firms Hijacked a Sh5.8 Billion Harvest Ban
Kenyan Motorists Stare At Possible Engine Damage And Heavy Losses As Report Confirms Substandard Fuel In Circulation
TotalEnergies Moves to Sue TikToker for Sh10 Million Over Contaminated Fuel Claim as Kenya’s Petroleum Sector Burns
KETRACO CEO Advert Marred By Controversies As Fears Grow That Kipkemoi Kibias Is A Predetermined Candidate
Why the April 21 Flopped Protests Expose Kenya’s Rudderless Opposition
-
Investigations2 weeks agoHow Did a Sh468K KRA Salary Allegedly Turn Into Sh30 Billion? Questions Deepen Over Commissioner George Obel and Ciala Resort Owner’s Wealth
-
Business1 week agoGreen Gold, Rotten Roots: How Kenya’s Biggest Avocado Firms Hijacked a Sh5.8 Billion Harvest Ban
-
Africa1 week agoThe $24 Million Heist at the End of the World
-
Investigations1 week agoSerial Scammers Strike Again: How Kelvin ‘Sonko’ Onyango and Seth Steve Okute Built a Gold Fraud Empire on Kenya’s Reputation
-
Business2 weeks agoHigh Court to Set the Record Straight in Long-Running Bia Tosha Petition
-
Investigations1 week agoThe Greek Heist: How Inform Lykos Allegedly Robbed Kenyan Taxpayers of Sh650 Million While Printing the Nation’s Exams and Ballots
-
Investigations1 week agoThe Judge, The Disgraced Magistrate, The Auctioneer-Husband, The Fixer And The Lawyer: Anatomy Of A Sh16 Million Judicial Bribery Racket
-
Business2 weeks agoFly 748 Returns to Kenya’s Skies With Fresh Push for Affordable Coastal Travel