A businessman has been charged with issuing a Kenya Commercial Bank (KCB) bad cheque worth Sh 150 million.
Nikesh Popatlal Shah, an Indian national was arraigned before Milimani Senior Principal Magistrate Robinson Ondieki and denied the charge.
Popatlal was accused of issuing a bad cheque on 16th May 2023 at Vibhuti Hardware Limited in Nairobi for Sh 150 million to be drawn from KCB account in favour of Accurate Steel Mills Ltd having previously instructed the bank to honour it.
He was released on a cash bail of Sh 100,000 and the matter will be mentioned on 12th March.