News

HKR Enterprises Limited Director Cum Suspected Fraudster Charged With Sh100m

Published

3 months ago

August 17, 2024

A famous city director of a company was on Friday charged with stealing over Sh 100 million from HKR Enterprises Limited after using deceiptive and dubious means

Ramesh Jadva Varsani was charged before Milimani Senior Principal Magistrate Rose Ndombi where he denied the charges.

The court heard that the accused person stole Sh 106,689,960 from HKR Enterprises on diverse dates between January and December 2022.

The money is believed to have come into his possession by virtue of his employment as the director of HKR Enterprises.

He was released on a Sh 10 million bond with an alternative cash bail of Sh 5 million.

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