Sign in
Download Opera News App

News Society


Crime Justice



Two Mombasa Business Tycoons Arrested And Charged in Mombasa Court On Forgery And Fraud Charges

Two Mombasa business tycoons arrested and charged in Mombasa Court on forgery and fraud charges

Two Paresh Shivji and Shivjibahi Jadva Varsani were arraigned in Mombasa Court on allegations of forging documents defrauding the family of a deceased business partner of his 1billion estate.

The both suspects, the father and son, denied 11 counts of fraud before a Mombasa court.

Some of the counts include among others forgery and uttering false statements.

They also face another count of making a document without consent which they also dispute.

The court heard that between April 14 2002, and January 31 2006 in Mombasa County, jointly with others not before the court with intent to defraud and without lawful authority forged documents defrauding the family of a deceased business partner of his 1billion estate.

 It is alleged that the accused people have continued to jointly intermeddle with the affairs of the estate of the said person in one ordinary share valued at approximately 1 billion.

 The property (freehold) is held by the deceased at Ghanshyam Builders Limited.

The accused people are further accused of transferring shares of Pindolia held in Ghanshyam Builders purporting it to belong to Paresh Varsani or Shivjubahi Varsani.

The accused persons denied that on or about January 31 2006, they knowingly and fraudulently transferred a share form to the registrar of companies at Sheria House in Nairobi.

They were released on Ksh200,000 bond each and a surety of a similar amount.

The case will be heard on 10th May 2021.

Content created and supplied by: sirDihoff (via Opera News )

Mombasa Mombasa County Paresh Shivji Pindolia Shivjibahi


Load app to read more comments