Nairobi News

News

Man denies swindling Sh95m in land fraud case

A suspected fraudster has denied conning out a land buyer of Sh95 million by falsely pretending he was capable of selling a plot he did not own.

The prosecution said Mr Paul Kariuki Ngugi forged title deeds and purported to be the owner of a plot valued at Sh 100 million in Nairobi.

He was accused of attempting to defraud the rightful owner of the plot of his property, in a scheme said to have involved accomplices who were not before the court on Tuesday.

Mr Kariuki denied the charge of forging  title deed with intent to defraud Mr Joseph Muthama Macharia of his land valued at Sh 100 million.

FORGERY

He faced a second count of forgery, stating that the questioned document was signed by a registrar of titles identified in the charge sheet as F. I Lubullela.

A third count stated that between may 11 and July 26 in Nairobi, he obtained Sh 95 million from Mr Stephen Irungu Macharia by falsely pretending that the land  was duly registered in his name  and that he was in a position to sell it to the prospective buyer.

The suspect was also charged with a count of conspiracy stating that between April 9 and 9 August he conspired to defraud Mr Stephen Irungu Macharia of his money by “pretending he was the duly registered a plot owner capable of selling the plot.”

Mr Kariuki has been released on a Sh 10 million bond with two sureties. He also has the alternative of depositing Sh 3 million cash bail to secure his freedom.

The case will be heard on March 26 2015.