Agent charged with stealing tenants’ Ksh8.7 million rent in 3 months

By Sheila Mutua On Thu, 19 Nov, 2020 15:17 | < 1 min read
Peter Gikonyo allegedly stole the money -- Ksh8,684,000 -- from upmarket tenants in Nairobi between June 29, 2020 and September 1, 2020. [PHOTO: SHEILA MUTUA | K24 DIGITAL]
Peter Gikonyo allegedly stole the money -- Ksh8,684,000 -- from upmarket tenants in Nairobi between June 29, 2020 and September 1, 2020. [PHOTO: SHEILA MUTUA | K24 DIGITAL]
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    Chief Magistrate Martha Mutuku freed Gikonyo on a cash bail of Ksh500,000 or a bond of Ksh1 million with one surety.

A middle-aged man from Nairobi has been charged with stealing Ksh8.7 million he collected from tenants but failed to remit it to the bank account of Kaggs Investment Limited, the company that employed him as an agent.

Peter Gathungu Gikonyo was arraigned at the Milimani Law Courts on Wednesday, November 18. The accused denied the charges before Chief Magistrate Martha Mutuku.

Gikonyo allegedly stole the money — Ksh8,684,000 — from upmarket tenants in Nairobi between June 29, 2020 and September 1, 2020.

The prosecution counsel, Anderson Gikunda, said there was evidence Gikonyo channelled money collected on behalf of Kaggs Investment Limited to his own account.

Chief Magistrate Martha Mutuku freed Gikonyo on a cash bail of Ksh500,000 or a bond of Ksh1 million with one surety.

The accused will be produced in court on December 3, 2020 for pre-trial directions.

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