A businessman accused of defrauding a company of Sh20 million has pleaded with a Nairobi court for more time to repay the money.
Businessman Bhavik Chandrakant S. Dodhia appeared before Milimani chief magistrate Susan Shitubi and for more time to repay JPN Trading Company ltd the money.
The court allowed the application and deferred the plea taking to October 18.
According to the charge sheet registered in court, Chandrakant is accused of fraudulently obtaining Sh20.6 million from the firm on May 30, this year at I&M Bank Lunga Lunga branch at Industrial Area, in Nairobi.
It is alleged that he obtained the money from JPN Trading Company ltd by falsely pretending he was in possession to sell and supply the said company with 297,687.86 kilograms of imported rice a fact he knew was false.
He is out on a police bond of Sh100,000 pending plea taking.
Police have listed five witnesses to testify against Chandrakant.