A couple accused of defrauding thousands of investors of millions of shillings has started repaying the money, a Kiambu court was told yesterday. The couple owns an online forex trading company - VIP Portal - based in Limuru town, where thousands of people lost more than Sh1 billion after the couple promised to double the deposits. Between October 2013 and September 2014, the couple engineered one of Kenya’s biggest forex trading scams through the forex firm. Lawyer Musyoki Kimanthi, for the couple, told chief magistrate Patricia Gichohi and senior principal magistrate Stella Atambo in Kiambu that his clients have made efforts to repay the money. The couple promised investors dividends of between 60 and 80 per cent of the amount deposited for four consecutive months.

Source: The Star February 19, 2019 18:45 UTC