Friday, October 16, 2009

PYRAMID SCHEME

Drama unfolded at the corridors of justice Friday as a director whose firm is linked to the controversial multi-billion shilling pyramid scheme Gideon Irea Mwiti tried to dodge cameras in the court.

Mwiti who faces about 10 counts involving theft of millions of shillings is accused of running a number of micro finances including Akiba Micro Finance without approval from the ministry of finance.

Akiba Micro-Finance has been adversely mentioned in the report of the task force on Pyramid Schemes set up by Cooperative Development minister Joseph Nyaga.

Several other micro finances collapsed between the year 2005 and 2007 with billions of shillings belonging to Kenyans.

The case against Mwiti will now be mentioned on the 10th of November.

Meanwhile, three people suspected of violently robbing former Trade Minister Dr Mukhisa Kituyi want their case be started afresh.

Through their lawyers David Oyata Samuel Ndugu waweru, Kevin Shichinga and George Morara told Nairobi chief magistrate Gilbert Mutembei that their case should be re-started since the magistrate who was hearing the case had been transferred.

But the prosecution says that the case should proceed because only two prosecution witnesses are yet to testify.

The trio also faces two more charges of violently robbing maxwell Masinde and Anil Vera on July 3rd 2006.

They are alleged to have committed the offence at Brookside Drive and Eldama Ravin in Nairobi while armed with AK47 rifles.

Separately George Onyango Okado denied stealing over 7.3 million shillings from the I &M Bank. He allegedly committed the offence on the 7th of December 2006 at Nairobi.

He was remanded until Monday when his case will be mentioned.

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