Saturday, July 12, 2025 - George Maina Muriithi, the Director of Mara Ndovu Lodge Limited, has been arraigned before the Milimani Law Courts, for defrauding an unsuspecting victim out of Sh48.8 million in a sham investment deal.
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.
They uncovered that on December 22nd, 2022, a
formal share purchase agreement was drafted by Otieno & Ambrose Advocates
on behalf of Muriithi.
This agreement stipulated the sale of 48,800 ordinary shares
at the agreed-upon price to the complainant.
The complainant deposited the agreed amount in two
installments through Otieno & Ambrose Advocates, the suspect's lawyer.
However, despite the complainant fulfilling his end of the
deal, Muriithi failed to transfer the shares as per the agreement.
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 15th, 2025.
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