Directorate of Criminal Investigation(DCI) has revealed shocking evidence of how former bank manager used forged documents to grab a 3 billion parcel of land in Runda.
DCI reports reckoned that Francis Ng’ang’a, a former general manager at collapsed Rural-Urban Credit Bank, forged documents to takeover Williams & Kennedy Limited in 1983 and claimed the buyout gave him ownership of the 16.7 acres land.
According to DCI, Ng’ang’a and his wife, Amy Kagendo fraudulently transferred the shares of Williams & Kennedy Limited to themselves and created a title to show the company owned the Runda land.
Detectives have established that Ng’ang’a duped the collapsed Rural-Urban Credit Finance Ltd and Postbank Credit Ltd, in 1983 and 1992 respectively, into issuing him loans with the Runda land as security.
The DCI wants Ng’ang’a charged with four counts of forging annual returns, making fraudelent changes at the company registry, two counts of uttering a document with intent to defraud.
Other charges are conspiracy to commit a felony, obtaining money by false pretence and forgery of a survey fee payment note.
Company secretary consultant Owen Koimburi could be charged with false assumption of authority, four counts of forging annual returns and altering a document with intent to defraud.
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Ms Kagendo faces two counts of making a false notification of change of company secretary at the Companies’ Registry, forging annual returns and altering a document with intent to defraud.
Mr Ng’ang’a told detectives that he acquired the Runda land from Donald Vincent of Williams & Kennedy for Sh2.5 million. Detectives were unable to trace Mr Vincent during the 13-year long investigations.
His statement contradicted that of Ms Kagendo, who claimed to have personally paid Sh2.5 million to Williams & Kennedy directors.
The sleuths say Mr Ng’ang’a colluded with Mr Koimburi to prepare fraudulent annual tax returns for the years 1984-1987 to make the dead company appear to have been operating.
Mr Koimburi was listed as Williams & Kennedy company secretary and an employee of Emu Registrars in the tax returns under the DCI probe.
The investigations show that Mr Koimburi was certified to act as a company secretary on November 23, 1990, meaning he had no authority to represent Williams & Kennedy.
