NAIROBI: George Maina Muriithi, the Director of Mara Ndovu Lodge Limited, has been arraigned before the Milimani Law Courts, facing charges of 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 he presented as a lucrative investment opportunity.

He claimed to be selling 48,800 shares in Mara Ndovu Lodge Limited, each priced at Sh1,000, totaling Sh48.8 million.

Captivated by the prospect, the complainant deposited the full sum as agreed.

However, the suspect became elusive and never transferred the shares.

Parklands detectives initiated a thorough probe, uncovering that on December 22, 2022, a formal share purchase agreement was drafted by Otieno & Ambrose Advocates on Muriithi’s behalf.

This agreement stipulated the sale of 48,800 ordinary shares at the agreed price to the complainant.

The complainant deposited the agreed amount in two installments through Otieno & Ambrose Advocates, the suspect’s lawyers.

Yet, despite the complainant fulfilling their 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. Detectives opposed his bond application, citing concerns he 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 15, 2025.”