News
Businessman cum Fraudster Ali Noor Abdi In Court For Defrauding Bank Sh60M
Rogue, corrupt businessman Ali Noor Abdi has been charged in court with conspiracy to defraud Africa Banking Corporation (ABC Bank) Sh 60 million.
Controversial Ali Noor Abdi is charged with conspiring with another before court to defraud ABC Bank of a fixed deposit debenture of Sh 60 million which was registered at the Companies Registries.
The corrupt Abdi is alleged to have committed the offence on diverse dates between July ,1, 2014 and April , 7, 2020 in Nairobi.
Abdi accused is also charged with forging a company search form CR 12 number 141780 in the name of Allied East Africa Limited purporting it to be a genuine search form prepared and signed by Nicholas Oduor Oduol, a former registrar at the Companies Registry.
The court further heard that the accused person is alleged to have committed the offence on or before 4th July 2017 at an unknown place within the Republic of Kenya jointly with another, with intent to defraud ABC Bank.
He was also accused of committing a similar offense on or before 10th October 2017.
The accused denied the charges before Chief Magistrate Wendy Kagendo. He was granted a bond of Sh 1 million with one surety of a similar amount. Alternatively, he was given a cash bail of S 500,000 with one contact person.
The case will be mentioned later next month
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
Report Reveals How Betika’s Empire Was Allegedly Built On Stolen Data
Nairobi Freezes Binance Accounts in Sweeping Anti-Fraud Crackdown as Global Scandal Record Haunts World’s Largest Crypto Exchange
EXCLUSIVE: Odibets Bought Stolen Data From Millions Of Kenyans
Taiwan President Cancels Trip After African Countries Close Airspace
Murkomen, Sudi and MP Fingered In Sh20 Billion Runda Land Grab
Sold, Pledged and Vanished: The Mounting Controversies Over The Saruni Apartments On Riverside Drive
Why the April 21 Flopped Protests Expose Kenya’s Rudderless Opposition
64-Year-Old KIM Faces Shutdown As Regulator Declares Its Certificates Worthless, Orders Employers To Shun Graduates
THE PHANTOM COVER: PART II Three Anonymous Directors. A Cheaper Bid Ignored. Sh13.3 Million in Unexplained Overpayment. And the Certificate That Proves FKF Knew Exactly What It Was Doing
The Big Gaffe That Has Become Kenya’s Foreign Ministry
Forged Legacy: How Kaplan and Stratton’s Peter Gachuhi Is Accused of Faking a Top AG’s Will as State Claims Damning Evidence
Sold And Abandoned: How Diageo and Asahi Are Locking Kenya’s EABL Minority Shareholders Out Of East Africa’s Biggest Corporate Heist
Poison at the Pump: How Kenya’s Fuel Marking System May Be Exposing Millions to Cancer-Causing Chemicals
THE HANDSHAKE THAT BECAME A NOOSE: How Tuju’s Alleged Intimate Access to EADB’s Yeda Apopo Produced a Sh294 Million Deal With No Written Contract, and Why That Trust Destroyed an Empire
Inside Details Of Sh78 Billion Fraud in KPC’s Mombasa-Nairobi Line 5 Pipeline Project That Has Continued To Bleed The Country
How Firm Linked To Mombasa Tycoon Jaffer Was Allowed To Import Fuel At Bloated Price And Set To Make Billions In Profits From Iranian War Crisis In Kenya
THE ZAKHEM-ECOBANK MACHINE: How Kenya’s Courts Were Weaponised to Drain a State Corporation of Over KES 78 Billion
The Teflon Company: How Gulf Energy’s Insiders Built Billions on Kenya’s Fuel, and Walked Away Clean
The Debt They Would Not Pay: How Standard Group Ducked Sh50 Million In Regulatory Fee For Years, Then Called It A Witch-Hunt
The Lawyer at the Centre of Kenya’s State Machine: Eric Gumbo, the AG’s Bypassed Office, and the Half-Billion-Shilling Question
-
News2 weeks agoThe Lawyer at the Centre of Kenya’s State Machine: Eric Gumbo, the AG’s Bypassed Office, and the Half-Billion-Shilling Question
-
News2 weeks agoMombasa Lawyer Exposed In Sh600 Million Alleged Double-Dealing Diani Property Transaction
-
Business2 weeks agoWattanga Fired Over Incompetence in Tech, Insiders Say
-
Business1 week agoKenyan Motorists Stare At Possible Engine Damage And Heavy Losses As Report Confirms Substandard Fuel In Circulation
-
Business1 week agoGetting Away With It: How Kenya’s Most Politically Connected Fuel Company Gulf Energy Is Pocketing Billions While Rival Firms Face Public Wrath
-
Business6 days agoTHE FUEL CABAL: How Mohamed Jaffer, a KPC Insider, and a Ministry Official Are Alleged to Have Manufactured Kenya’s Worst Petroleum Crisis in Three Years, While Kenyans Burned
-
Business1 week agoHow Safaricom Could Sell You Out To KRA
-
News1 week agoThe Kewota Racket: How Kenya’s Female Teachers Are Being Bled Dry