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Director Charged with Stealing Over 100M from His Company

CH Reporter by CH Reporter
August 16, 2024
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A city director of a company was on Friday charged with stealing over Sh 100 million from HKR Enterprises Limited.

Ramesh Jadva Varsani appeared before Magistrate Rose Ndombi and denied accusations of stealing Sh 106,689,960 from HKR Enterprises on diverse dates between January and December 2022.

The money is believed to have come into his possession by virtue of his employment as the director of HKR Enterprises.

He was released on a Sh 10 million bond with an alternative cash bail of Sh 5 million.

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