Man Linked to NTSA Logbook Scam Released on Ksh100,000 Cash Bail

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A serial motor vehicle registration fraudster involved in a multi-million shillings logbooks forgery enterprise has been released on a Ksh100,000 cash bail.

According to the Directorate of Criminal Investigations (DCI) George Gitu who was involved in a new crime wave involving brokers and insiders at the NTSA, and obtained credit from micro-finance institutions using forged logbooks was set free following a ruling at Makadara Law Courts on Tuesday, 15th February.

This is after an application by sleuths seeking further custodial orders to detain the suspect and complete investigations were turned down.

Gitu is accused of obtaining over Ksh4.4 million through forged logbooks of four vehicles belonging to unsuspecting vehicle owners.

“Gitu was working with crooked NTSA officials at the ICT department where he was registered in the TIMS system as the bonafide owner of KCD 974Z, Isuzu D-Max, KCR, 280R Toyota Vanguard and KCL 922G, Toyota Landcruiser Prado then fraudulently obtained credit using the vehicles’ forged documents,” the DCI said in a statement.

He acquired Ksh1.5 million from Northwave Credit, Ksh1.4 million from Momentum Ltd and Ksh843,000, from Bidii Credit and the logbooks were reverted to their original owners, in a well choreographed scheme similar to a Hollywood movie script.

Owners were left at the mercy of ruthless auctioneers who later went for the vehicles that had been used as security, to finance Githu’s and his accomplices’ lifestyles.

The fraudsters pose as legitimate businessmen in the thriving property, land and logistics sectors to com people.

“All they do is identify a vehicle on the road or at a parking slot, before contacting their partners in crime at the NTSA and have the vehicle registered in their names. They then rush to micro-finance institutions and obtain credit,” the DCI added.

In one sad case, a physically challenged woman based in Thika, who had received the Toyota Prado as a gift from her daughter, was shocked beyond words after realizing that her vehicle had been used as collateral by Gitu to acquire a loan of Sh1.5 million.

DCI have arrested five suspects in this syndicate and crime busters based at NTSA since the crackdown began in December last year following a public outcry.

The detectives who have been joined by their counterparts from the Crime Research and Intelligence Bureau are currently on the trail of three more suspects who are part of this miscreant gang, that has left vehicle owners in the country living in fear of their vehicles being auctioned for defaulting on loans they know nothing about.

The post Man Linked to NTSA Logbook Scam Released on Ksh100,000 Cash Bail appeared first on LitKenya.

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