Nairobi Businessman Accused Of Stealing Sh71.5M

The director of Elite Earth Movers limited has been charged with stealing over Sh71.5 million from the company.

Parminder Singh Manku appeared before Milimani Senior Principal Magistrate Robinson Ondiek and denied the charges.

Prosecution told the court that Manku committed the offence on diverse dates between 5th August and October 23rd in the year 2021 in Westland.

The charge sheet stated that being the director of Elite Earth Movers limited, Manku stole Sh71,500,000 belonging to the company, which came into his possession by the virtue of being a director.

Manku is also accused of forging Lalji Meghji Patel and Company Limited Board Resolution purporting to be a sole signatory to account number 0102486724000 and account name Lalji Meghji Patel and Company Limited held at Standard Chartered bank Westlands branch.

It is alleged that he committed the offence on the 10th of September 2020 at Lalji Meghji at the company’s head office along Mombasa Road, in Nairobi City County, with intent to defraud

The court further heard that on 7th October 2020 at Standard Chartered bank Westlands branch in Westlands Sub County within Nairobi City County, Manku uttered the company’s board resolutions, claiming that he was the sole signatory to the account.

Manku was released on a bond of Sh3million or alternative cash bail Sh1million.

The case will be mention 23rd of March and hearing is scheduled for 11th of May 2023.