Jirongo off the hook in fraud case linking Moi’s son


Mr Jirongo is, mainly, accused of giving false information linking Mr Jonathan Moi to a Sh50 million land fraud dispute and was, therefore, set to be charged. He was then granted the title deed and went ahead to charge the property to City Finance Bank to secure a Sh30 million loan. After clearing the loan, he charged the property again to Postbank Credit for an advance of Sh50 million. But since Postbank Credit had collapsed, the property was transferred to ASL limited in 2006. However, in 2005 DCI officers started investigations after the Boits claimed that the property’s title deed was lost yet they had not transferred their shares and that Mr Jirongo had allegedly not finished the payments.


Source:   Daily Nation
January 11, 2017 15:40 UTC






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