Three in court over Sh11.2m title deed fraud
By Gidraph Mwangi, September 5, 2023
Two men and a woman were yesterday charged at a Nairobi court with conspiracy to defraud their unwitting targets of a title deed by charging it to acquire a loan of Sh11.2 million.
Joseph Ndegwa, Veronica Mutuli and Emmanuel Wachira were charged with conspiring to defraud Diana Waithira and Simon Khaleha of their title deed.
The prosecution told the court that the accused applied for a loan of Sh11,250,000 from Sidian Bank, Kilimani branch, by pretending that they were authorised to use the title deed as security. The court heard that they were securing a loan on behalf of Thai Group Kenya by using a matrimonial property LR No. 209/17198 purporting it to be signed by Waithira.
They denied the charges when they appeared before Chief Magistrate Esther Kimilu. They were released on a Sh5 million bond or alternative cash bail of Sh2 million each.