{"id":117964,"date":"2025-07-12T10:03:20","date_gmt":"2025-07-12T10:03:20","guid":{"rendered":"https:\/\/chezaspin.com\/blog\/index.php\/2025\/07\/12\/businessman-in-court-over-multi-million-investment-fraud\/"},"modified":"2025-07-12T10:03:20","modified_gmt":"2025-07-12T10:03:20","slug":"businessman-in-court-over-multi-million-investment-fraud","status":"publish","type":"post","link":"https:\/\/chezaspin.com\/blog\/businessman-in-court-over-multi-million-investment-fraud\/","title":{"rendered":"Businessman in court over multi-million investment fraud"},"content":{"rendered":"<p><strong>NAIROBI, Kenya, Jul 12 \u2014 The Director of Mara Ndovu Lodge Limited has been arraigned at the Milimani Law Courts over an alleged Sh48.8 million fraud involving a bogus share sale.<\/strong><\/p>\n<p>George Maina Muriithi is accused of luring a businessman in October 2022 with a fake investment deal, claiming to sell 48,800 shares in the lodge company at Sh1,000 each.<\/p>\n<p>According to the Directorate of Criminal Investigations (DCI), the complainant paid the full amount in two instalments to Muriithi after a formal share purchase agreement was signed on December 22, 2022.<\/p>\n<p>However, the promised shares were never transferred.<\/p>\n<p>\u201cThe suspect became elusive and never honoured the terms of the agreement,\u201d the DCI said in a statement.<\/p>\n<p>\u201cDetectives established that the entire investment scheme was a sham.\u201d<\/p>\n<p>Muriithi pleaded not guilty to the charges with prosecutors opposing his release on bond, citing concerns that he might flee.<\/p>\n<p>The court ordered that he remain in custody at Capitol Hill Police Station pending a ruling on his bond application, which is scheduled for July 15.<\/p>","protected":false},"excerpt":{"rendered":"<p>NAIROBI, Kenya, Jul 12 \u2014 The Director of Mara Ndovu Lodge Limited has been arraigned at the Milimani Law Courts over an alleged Sh48.8 million fraud involving a bogus share sale. George Maina Muriithi is accused of luring a businessman in October 2022 with a fake investment deal, claiming to sell 48,800 shares in the [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-117964","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/117964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=117964"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/117964\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=117964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=117964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=117964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}