TRADER DENIES SH170 MILLION FAKE GOLD CHARGES.

BY SAM ALFAN.

A Nairobi businessman has been charged with conspiracy to defraud a foreigner of over Sh170 million claiming he will supply 500 kilograms of genuine gold.

Elvis Ouma Muga alias Nick appeared before Milimani Magistrate David Ndungi and denied the charges.

Muga is accused that on diverse dates between September 1, 2021 and January 21,2021 at unknown place in Nairobi county, with others not before court, they conspired to defraud Bernhard Ten Brinke.

Muga conspired to defraud Brinke by falsely pretending that he was carrying a genuine business of selling gold in Nairobi and he was able to supply 500 kilograms of gold to the foreigner valued at USD 1,567,120 equivalent to Sh170, 816,734 million.

The court heard that on January 15 this year at Nairobi County with intent to defraud, Muga jointly with others not before court obtained Sh170, 816,734 from Brinke by falsely pretending he was in position to sell 500 kilograms of gold, a fact he knew was false.

He was released on a bond of 10 million and a cash bail of 5 million pending hearing.