Mombasa Tycoon Father and Son Facing Ksh 20billion Fraud Charges in More Trouble As Witness Discloses Forgery

Registrar of Companies has told Mombasa court he discovered that signatures provided by two Mombasa tycoons, a father and son, were forged.

Testifying before Mombasa magistrate Ritta Orora in a Ksh 2️0 billion fraud case facing Shivjibhai Jadva Varsani and his son Paresh Shivji Jadva Parbat Varsani.

The registrar told the court the earlier original documents indicated that Laljibhai Kanji Varsani were both directors of several companies they co-owned with equal shares.

“Your honor from the documents the shares were transferred after the late Lalji Kanji Varsani died”

The companies shares that are in dispute of transfer include :MJP investment Ltd, Windsor investment Ltd, Kwale investment Ltd, An Academy properties Ltd, Ghanshaym builders Ltd and various rental rental properties around Tononoka.

The criminal fraud charges are proceeding against the two after their attempt to obtain court order stopping proceeding were dismissed by high court.

The proceedings will continue next on 17 June this year.