In a recent case of alleged investment fraud, two directors of Brighter Africa Limited, Brian Mukolwe and Yvette Atieno Okoth, have been accused of defrauding unsuspecting businessmen out of nearly Sh20 million.
The couple appeared before Milimani Chief Magistrate Lucas Onyina in Nairobi, where they faced charges of conspiracy to commit fraud. They denied the allegations and requested a more lenient bond arrangement.
The prosecution claims that the fraudulent activities took place between April and May 2024, during which the complainant, Andanje Sheila Buyechero, reportedly lost Ksh 20,750,000 after being misled into believing that her funds would be invested in a collective scheme.
Additionally, the couple is facing similar charges involving another victim, Ernest Were, from whom they allegedly swindled Ksh 8,786,100 under the guise of investment. Furthermore, they have been charged with operating a microfinance business without the necessary license from the Central Bank of Kenya, a violation of local financial regulations.
The magistrate granted them bail set at Sh500,000, with an alternative cash bail option of Sh100,000 each, and the case is scheduled to continue next month for a hearing and further proceedings.
