A businessman has been charged with conspiracy to defraud tycoon Vimal Shah over Sh 102 million in a fake dollar exchange business.
Nicholas Alexander Nesbit is accused of obtaining Sh 102,437,500 by falsely pretending that he was in a position to convert the said money into US dollars, a fact you knew to be false.
Nesbit is alleged to have committed the offense on 24th May 2023, within Nairobi County.
The Kenyan British denied the charges before Principal Magistrate Gilbert Shikwe.
According to the charge sheet, Nesbit is charged alongside Boytorun Mehment Bulent and Bee & Bee Kenya Limited.
It is alleged that Nesbit and Bulent used their Bee N Bee Kenya Limited business power to lure the complainant into believing their trick.
The lawyer watching brief for Shah opposed the release of the accused on bail on grounds that he may be a flight risk since his co-accused person and partner Bulent has already left the court’s jurisdiction.
It is believed that Bulent flew the country before a red alert issued by police on his passport could take effect.
However Nesbit’s lawyer Cliff Ombeta dismissed the claims arguing that the information was being given from bar without evidence.
“Any person who wants to oppose bail should swear an affidavit in court,” Ombeta added
After considering the submissions by both parties, the magistrate ruled that there was no reason to deny the accused bail.
Nesbit was therefore, released on a cash bail of Sh 100,000 plus one contact person.
