A Kisumu businessman has been charged with intent to defraud National Bank of Kenya of over Sh6.2 million.
Jagdish Singh Barmah appeared before Kisumu Chief Magistrate Douglas Ogoti and denied charges.
Barmah is accused of disposing mortgaged goods to David Chimwani Lugonzo without the consent of the National Bank of Kenya.
The charge sheet stated that he committed the offence on October 1, 2018 at Kisumu town within Kisumu county jointly with others not before court, with intent to defraud.
The court heard that he was the owner of a prime mover registration number (KCC 089) valued Sh6, 832,000 and sold it with intent to defraud.
He was further accused of disposing a trailer registration number ZE9820 valued of Sh2,560,000 with intent to defraud to Channan Agricultural contractor Kenya limited without the consent by National Bank of Kenya.
The charge stated that he sold the mortgaged trailer on February 8, 2019 at Kisumu town in Kisumu county, jointly with others not before court.
The trader was released on a bond Sh5 million or alternative cash bail of Sh1 million.
The court set April 23 and 24, for the hearing of the case.