A businessman has been charged before a Nairobi court with defrauding Kapiti Plains Estate a parcel of land worth Sh 54.8 billion.
The accused person Julius Matheka appeared before Milimani Chief Magistrate Martha Mutuku and pleaded guilty to conspiracy to defraud charges.
Prosecution alleges that on or before January 20, 2017 within Nairobi County conspiracy to defraud Kapiti Plains Estate Limited a parcel of land worth Kshs. 54.8 billlion.
He is also facing a second charge of making a false allotment letter dated August 23,1994 for a parcel of land in the name of New Konza Ranch Association, purporting it to be a genuine letter of allotment issued by Commissioner of lands.
The accused person informed the court that he is having another similar case pending in court where he was released on Sh 300,000.
Through his lawyer, Matheka urged the court to have the two matters consolidated.
However the magistrate order the accused to be released on a bond of Sh 1 million or a cash bail of Sh 300,000.
The case will be mentioned on May 30, 2019 for consolidation and pretrial.
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