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.