Two Directors of County Capital Limited Company were charged with Ksh 104.7 million fraud in fake collective investment scheme.
Benson Kariuki Ireri and Caroline Mumbi Kibaru, the two directors are accused of defrauding Zipporah Waithira Mungai Ksh 61,516,000 by falsely pretending they would invest in a collective investment scheme on her behalf.
The two were also charged with defrauding Boniface Mulwa Nzinga Ksh 15.5 million in a similar scheme pretending they would invest on his behalf.
Further, the suspects faced another charge of stealing Ksh 19,737,400 from John Mulinga Musyoka pretending they would invest in a collective investment scheme on his behalf.
Similarly, the suspects fraudulently obtained Ksh 8 million from Shadrack Vundi Musyoka in pretence of investing the money on his behalf.
The two have so far denied the charges and are out on Bond.