A businessman from Nairobi, Peter Mutua Maithya, has been charged with defrauding an investor of Sh16.75 million by falsely claiming he would make a capital investment on her behalf.
Maithya appeared before Milimani Chief Magistrate Lukas Onyina, where he pleaded not guilty to the charges of obtaining money under false pretenses.
The prosecution alleges that between January 26, 2020, and September 13, 2021, at Vimcape Capital Limited’s offices in Bruce House, Nairobi, he misled Janet Middah Ngota into believing her funds were being invested profitably.
However, discrepancies in the transactions led Ngota to seek legal action, prompting an investigation that resulted in Maithya’s court appearance. He has been released on a cash bail of Sh1.5 million, with the next hearing scheduled for April 8.
