A director of an unlicensed investment company is in court for defrauding two traders Sh77 million which he had promised to invest on their behalf in the money market.
Mr Benson Kariuki Ireri, a director of County Capital Limited, allegedly told Ms Ziporah Waithera Mungai and Mr Boniface Mulwa Nzinga that he would invest their funds in a Collective Investment Scheme (CIS) then pay the two returns, according to the charges laid before Milimani law courts chief magistrate Martha Mutuku.
