Trader files Sh27m fraud suit against Chinese company - News Summed Up

Trader files Sh27m fraud suit against Chinese company


[Photo: Standard]A Kenyan distributor of natural health products has accused a Chinese company of defrauding her of Sh26 million. Longligi Global Holdings, which is registered in China, is the manufacturer of natural health and medical supplements commonly known as Longliqi or Longrich. However, Justice Majanja dismissed her request, noting that she had not demonstrated that Longliqi International (Kenya) Ltd planned to leave the country. According to court documents, Okelo had two agreements on November 11, 2018, with Longliqi Global Holdings and Longliqi International (Kenya) in which she was appointed an exclusive super-stockist of Longrich products in Uganda and Rwanda. The Kenyan subsidiary issued invoices to Okelo for the purchase of the products, which she paid for by transferring $115,198.25 (Sh12,441,411) and $125,541.87 (Sh13,558,522) directly to Longliqi Global Holdings’s account in China.


Source: Standard Digital September 24, 2020 21:00 UTC



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