The Director Mara Ndovu Lodge Limited George Maina Muriithi was arraigned at the Milimani Law Courts, for defrauding an unsuspecting victim out of Sh48.8 million in a sham investment deal.
Appearing before the Milimani Law Courts, Muriithi pleaded not guilty to the charges against him.
Detectives opposed his bond application, citing concerns that the suspect may be a flight risk.
As a result, the court ordered Muriithi to remain in custody at the Capitol Hill Police Station, awaiting a ruling on his bond application, which is scheduled for July 15, 2025.
According to a report filed at Parklands Police Station, Muriithi approached the complainant in October 2022 with what appeared to be a lucrative investment opportunity.
He claimed to be selling 48,800 shares in Mara Ndovu Lodge Limited, each priced at Sh1,000, amounting to a total of Sh48.8 million.
Captivated by the prospect of this investment, the complainant deposited the sum as agreed but the suspect became elusive and never transferred the shares
Taking up the matter, Parklands detectives initiated a thorough probe.
