Businessman Karnabar charged with Sh210 million fraud

Businessman Karnabar charged with Sh210 million fraud

- in Business, News
Rhodah Wangari,a nurse from MP Shah Hospital leads Bwagwandas Karnabar to Kiambu law court where he’s facing charges of obtaining credit by false pretense.It is believed that on diverse dates between 30th July and and 13th Nov 2015 in Nairobi he incurred a debt to Hitesh Dave by obtaining Ksh 210,000,000 by pretending that he was in a position to undertake renovation apartments in Nyali.

A Kenyan businessman Kirit Bhagwandas Karnabar was on Wednesday charged before Kiambu Chief Magistrate Court Justus Mutuku for obtaining credit worth Sh210 million by false pretence contrary to Section 316 (a) of the Penal Code.

The court heard that on diverse dates between July 30, 2015 and November 13, 2015, Kirit obtained the said amount from Hitesh Pravin Dave by falsely pretending that he was in a position to undertake renovation of apartments in Nyali, Mombasa a fact he knew he was not in a position to.

The Magistrate ruled the accused be released on a sh10million bond, cash bail of sh5million and surety of same amount and his passports deposited in court.

Drama played out at Kiambu Law Courts as Kirit was accompanied by a nurse from MP Shah Hospital where he had been hospitalized since last Friday under police guard.

“Kirit Bhagwandas Karnabar on diverse dates between 30th day of July, 2015and 13th November, 2015 in Nairobi within Nairobi County in incurring a debt to Hitesh Pravin Dave obtained credit to the amount of Ksh210, 000,000 from the said Hitesh Pravin Dave by falsely pretending that you were in a position to undertake renovations in Nyali a fact you knew to be false,”  The charge sheet read in part.

Kirit plea to have him detained at MP Shah Hospital was objected to and he was temporarily held at law courts cells. He was admitted after he collapsed while being taken to Muthaiga Police Station after recording statements at the Directorate of Criminal Investigations headquarters in Nairobi.

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