Businessman charged with Ksh200m attempted fraud
A businessman has been charged with forgery and attempted fraud after allegedly forging payment guarantee documents valued at over Ksh200 million in the Ksh1.1 billion Geothermal Development Company tender project.
Mr Ferdinand Gabriel Wanyama, who is a director at Hydra Industrial Services Limited, was arraigned before a Kiambu court where he denied three counts relating to the charge before Principal Magistrate Stella Atambo.
It is alleged he committed the crime to enable him to get the tender for the government-owned corporation.
The court heard that on July 5, 2016, at an unknown place jointly with others not in court with intent to defraud, he forged a document namely advance payment guarantee No ABK/MD1204500009c for USD2, 215, 614 for account of Hydra Industrial Services Limited
The court was told that the accused purported that the document was issued by ECO bank.
On the second count, he was charged that on May 9, 2016, at the Geothermal Development Company offices in Nairobi, jointly with others, knowingly and fraudulently uttered a forged advance payment guarantee No ABK/MD1204500009c for USD2.215, 614 of account his company.
And on the third count, he was charged that on diverse dates between July 6, 2015 and May 9, 2016, he together with others who were not present in court with intent defraud, attempted to obtain the USD2,215,614
He was released on a bond of Sh50 million or cash bail of a similar amount.
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