A Nairobi-based businessman was on Monday, December 21 charged with obtaining Ksh600,000 from a micro-finance company by false pretense.
Joseph Ndunda Awich, who was arraigned before Milimani Chief Magistrate Martha Mutuku, is accused of obtaining the money from Deely Capital Limited.
Awich first received Ksh400,000 from Deely Limited on September 13, 2019. He allegedly convinced the micro-finance company into lending him the money, claiming he was in a position to offset the loan.
Later, on October 8, 2019, Awich went back for another Ksh200,000 from the same lender, the court was told.
Awich is alleged to have issued Ksh242,000 cheque, which bounced. The accused is said to have listed an account at the Riziki Credit Limited as the paying agency.
“He knew too well that the account had insufficient funds,” Chief Magistrate Mutuku was told.
On December 13, 2019, the accused is said to have issued yet another cheque of Ksh528,000 from Riziki Credit Limited, which also bounced.
Awich pleaded not guilty to the charges. He was released on a cash bail of Ksh100,000 or a bond of Ksh200,000.
The case will be mentioned on January 6, 2021.