Businessman Linked To Sh44M Fraud

A businessman has been with conspiracy to defraud Impala Reel Company Limited over Sh 44 million.

Elius Kemboi Korir is charged alongside his company, Vutaride Company Limited with conspiring to defraud Impala Sh 44,370,000 jointly with others not before court.

Korir is alleged to have committed the offense on diverse dates between 1st February 2022 and 1st April, 2022 at Vutaride Limited office in Westlands, Nairobi.

The accused is charged with obtaining goods worth over Sh 8 million by false pretenses.

According to the charge sheet, Korir obtained 500 litres of Pramitol 2SE worth Sh 8,250,000 from Impala Reel Company Limited by falsely pretending that it was a genuine supply contract, a fact he knew to be false.

Korir is alleged to have committed the offense on 14th March 2022 at Vutaride Limited, jointly with others not before court and with intent to defraud.

He denied the charges before Chief Magistrate Susan Shitubi.

The prosecution opposed his release on bail on grounds that he is a flight risk.

Korir is facing several other cases of a similar nature.