Asian Billionaire Mohan Galot, 73, was, on Monday, charged a fresh after a case in which he was accused of forging documents to defraud two nephews moved to court.
Galot is facing nine counts of fraud and forgery after he lost a temporary stay order that shielded him from multiple cases of fraud.
According to court documents, the businessman made fake documents in January 2002 notifying about the change of directors and secretaries and tried to pass it as a genuine one compiled by the family company’s directors.
The charge sheet furter explained that Galot made the document with the intention to defraud and without lawful authority.
At the center of the forgery suit are Galot’s nephews, Parvin Galot and Rajesh Galot, who he is accused of falsely informing servants at Registrar of Companies that they had resigned as directors of the company.
Some of the companies in question include London Distillers, King Woollen Mills among others which deal in real estate, shares, beverage distillery and others.
In February 2005, Galot reportedly presented forged annual returns of one of the family companies to Sheria House.
“In May 18, 2007, with the intent to defraud and without lawful authority, made false documents, namely annual returns of King Woollen Mills for 2006, claiming it is genuine and was made by the directors of the company,” read the court documents.
Appearing before Milimani chief magistrate Peter Ooko, the tycoon pleaded not guilty and was released on kshs 500,000 cash bail or Ksh1 million bail.
The case is set for mentioning on April 18, 2019, with the hearing set to take place on June 26.