A director of Oki Trading Kenya Limited (OTKL) has detailed before a Milimani court how a former company director allegedly siphoned Ksh 356 million before resigning to start his own business.
Testifying before Senior Principal Magistrate Dolphina Alego, current OTKL director Deepak Rajoria said the accused, Honey Khatwani, misappropriated millions of shillings belonging to the firm.
Rajoria told the court that he previously worked with OTKL’s parent company in Dubai before being appointed director in Kenya in January 2025. Upon assuming office, he discovered that large sums of money and vital company documents were missing.
“I was an employee of the mother company based in Dubai and when I came to Kenya, I was appointed director of the company,” Rajoria testified.
He identified Khatwani, an Indian national, as a former director and employee of the company up until July 2024. According to the prosecution, Khatwani diverted the funds to establish his own firm, Galaxy Middle East Africa Limited, which he registered alongside another ex-employee before resigning from OTKL.
Rajoria further told the court that auditors later confirmed the company had lost Ksh 356,711,806 between 2021 and 2024. It was alleged that Khatwani had authorized client cheques and company funds to be deposited into his personal account, as well as through his and his wife’s M-Pesa accounts.
He is also accused of issuing falsified invoices that understated the actual amounts received from clients.
Khatwani has since been charged with stealing USD 2,786,174.40 (about Ksh 356,711,174.40) from OTKL, money he allegedly obtained by virtue of his position as director. The alleged offences took place between January 1, 2020, and June 30, 2024, in Babadogo, Nairobi County.
The funds, the court heard, belonged to Oki General Trading Limited.
