House Agent Nairobi: A property manager in Nairobi collected and disappeared with over Sh. 8 million in house rent. The man who was identified a Paul Gathungu Gikonyo was arrested and arraigned in court.
He was charged with stealing Sh.8.7 million he collected from tenants but failed to remit it to the bank account of Kaggs Investment Limited, the company that employed him as an agent.
Gikonyo was arraigned at the Milimani Law Courts on Wednesday, November 18. He denied the charges before Chief Magistrate Martha Mutuku. Gikonyo allegedly stole the money — Sh. 8,684,000 — from upmarket tenants in Nairobi between June 29, 2020 and September 1, 2020.
The prosecution counsel, Anderson Gikunda, said there was evidence Gikonyo channelled money collected on behalf of Kaggs Investment Limited to his own account.
“Gikonyo received the money on account of Kaggs Investment Ltd which has put up rental properties within upmarket areas within Nairobi County,” the prosecution counsel Anderson Gikunda said.
Chief Magistrate Martha Mutuku freed Gikonyo on a cash bail of Sh. 500,000 or a bond of Sh. 1 million with one surety. The accused will be produced in court on December 3, 2020 for pre-trial directions. In her ruling, the magistrate said bail is a constitutional right for all accused persons regardless of the indictment against them. House Agent Nairobi.