Businessman Nikesh Popatlal Shah Charged with Issuing Sh 150 Million Fraud

Nikesh Popatlal Shah

Nikesh Popatlal Shah, an Indian national, faced charges at Milimani Senior Principal Magistrate Robinson Ondieki’s court, where he pleaded not guilty.

Shah stands accused of issuing a fraudulent cheque valued at Sh 150 million on May 16, 2023, at Vibhuti Hardware Limited in Nairobi. The cheque was drawn from a Kenya Commercial Bank (KCB) account in favor of Accurate Steel Mills Ltd, with prior instructions to the bank to honor it.

After the arraignment, Shah was granted release on a cash bail of Sh 100,000. The case is scheduled for mention on March 12.

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