Three Charged With Sh130M Fraud

Three scrap metal dealers have been charged with obtaining over Sh100 million from a businessman promising to secure him a business permit and dealer’s licence.

Ebrahim Ahmed Ebrahim, Abdul Razak Rehan and Mohamed Amin Abdulahi Suleiman appeared before Milimani Senior Principal Magistrate Martha Nanzushi and denied obtaining the money from Shahzada Aniq Ayub.

The trio allegedly obtained USD 881,009.74 equivalent to Sh113,650,256.46 from Ayub on diverse dates between 4th December, 2023 and 6th June 2024 in Nairobi.

The charge sheet stated that they obtained the millions by falsely pretending they were in a position to secure for Ayub a work permit, a scrap metal dealer’s License and supply him with 1,100 tonnes of scrap metal and used batteries.

The court heard that the accused persons on an unknown date and time at an unknown place, with intent to deceive, they forged a Scrap Metal Certificate of Dealer License number purpoting it to be a genuine document issued by the Scrap Metal Council under the State Department for Industry.

They were released on a bond of Sh 5million or an alternative cashbail of Sh 1 million.