Pavan Kentan Ramji Shah and Anderson Kombe Hare allegedly conspired to defraud Igsar Group Company Limited, Husaaba Trading Company Limited, Sunova International Limited, and Inland Logistics by fraudulently withdrawing the money using falsified cheques.
At least two men have been charged at a Mombasa court for allegedly stealing Sh200,585,052.00, among other fraud-related counts.
Pavan was also charged with stealing by a servant, contrary to Section 281 of the Penal Code, in which it is claimed that he stole the money that came to him by virtue of being an accountant of the three firms.
He was also charged with false accounting contrary to Section 328 of the Penal Code, Chapter 63 of the laws of Kenya, where it was alleged he made false entries in the said companies’ book of accounts for intercompany transactions by filling out falsified Bwanyange Limited ABSA bank cheques purporting that Sh200,585,052 was paid to the companies by Bwanyange Limited for payment of goods, forex trading remittances, and other related transactions with Bwanyange Limited.
The offences were allegedly committed on June 20, 2018, September 30, 2020, and February 22, 2021, at the Igsar Group Kenya Limited offices at the Canon Towers building in Mombasa County, within the Republic of Kenya, respectively.
The accused persons, who pleaded not guilty, were each released on a Sh5 million bond with two sureties.
Senior Resident Magistrate Gladys Olimo issued arrest warrants against Alex Mutemi Mwenga, Robert Wangila Wandera, and Barnabas Agar.
The case being prosecuted by Prosecution Counsel Hilary Asiaho is scheduled for pre-trial on March 26, 2024.
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