Industry insiders familiar with Oki’s modus operandi describe a company that has perfected the art of the “shell shuffle”—constantly rotating transactions through dormant companies with outstanding tax obligations to make tracking liabilities nearly impossible.
A Nairobi court has heard testimonies of how a former company director allegedly used his wife’s M-Pesa account and personal bank accounts to siphon Sh356 million from his employer while threatening witnesses who discovered the fraud. Honey Khatwani, an Indian national who served as Managing Director of Oki Trading Company Limited (OTCL), is facing theft […]
Nairobi, Kenya — A former director of Oki Trading Kenya Limited (OTKL) is at the centre of a major corporate fraud case after allegedly siphoning more than Sh356 million from the firm to his personal and family accounts before resigning to launch his own company. Testifying before Senior Principal Magistrate Dolphina Alego at the Milimani […]
Nairobi, Kenya – A Nairobi-based company director accused of defrauding his own firm of over Sh356 million has been granted bail following a court appearance that highlighted one of the largest corporate theft cases in recent months. Honey Khatwani, a director at OKI General Trading Limited, walked free on Tuesday after Principal Magistrate Dolphina Alego […]
