In what looks like the deadly fraud of recent days, two directors of Brighter Africa Limited are implicated in an investment fraud that saw innocent businessmen lose up to Sh20 million.
The two were arraigned before a Nairobi court yesterday on charges of conspiracy to defraud.
The two are Brian Mukolwe and Yvette Atieno Okoth.
Both of them are couples.
Appearing before Milimani Chief Magistrate Lucas Onyina, they denied the charges and pleaded for a lenient bond term.
According to the prosecution, the two committed the offence between April and May 2024.
The court heard that Andanje Sheila Buyechero, who is the victim/the complainant in the case, lost up to Ksh 20,750,000 after they lied to him that they would invest the money in a collective scheme on her behalf.
The two also face similar charges involving Ernest Were, whom they allegedly defrauded of Ksh 8,786,100 under the pretence of investing the funds in a collective scheme.
They were additionally charged with operating a microfinance business without a license from the Central Bank of Kenya, an offence under Kenyan financial regulations.
The magistrate released them on Sh500,000 with an alternative cash bail of Sh100,000 each with the surety of the same amount.
The case will proceed next month for a hearing and further directions.
