Nikesh Popatlal Shah
The story of businessman Nikesh Popatlal Shah unfolds as he faces charges in a Sh 150M fraud case for allegedly issuing a bad cheque to Kenya Commercial Bank (KCB).
According to the court papers, Mr.Nikesh Popatlal Shah, an Indian national was arraigned before Milimani Senior Principal Magistrate Robinson Ondieki and denied the charge, and the criminal proceedings against him immediately commenced.
Heb was charged with issuing a bad cheque on 16th May 2023 at Vibhuti Hardware Limited in Nairobi for Sh 150 million to be drawn from the KCB account in favor of Accurate Steel Mills Ltd having previously instructed the bank to honor it.
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After he denied the charges, the accused person was released on a cash bail of Sh 100,000 and the matter will be mentioned on 12th March. businessman has been charged with issuing a Kenya Commercial Bank (KCB) bad cheque worth Sh 150 million.
Nikesh Popatlal Shah, an Indian national was arraigned before Milimani Senior Principal Magistrate Robinson Ondieki and denied the charge.
Popatlal was accused of issuing a bad cheque on 16th May 2023 at Vibhuti Hardware Limited in Nairobi for Sh 150 million to be drawn from the KCB account in favor of Accurate Steel Mills Ltd having previously instructed the bank to honor it.
He was released on a cash bail of Sh 100,000 and the matter will be mentioned on 12th March.
