Goldenscape CEO Peter Wangai in Court for Defrauding Over 1,000 Investors
Goldenscape CEO Peter Wangai has been arraigned in a Nairobi court for allegedly defrauding more than 1,000 investors.
Appearing at Milimani law courts on Monday, Wangai did not take plea after the matter was deferred to next week. The accused person was released on a cash bail of Sh10 million.
He is facing multiple fraud-related charges among them obtaining money by false pretense and issuing bad cheques. Wangai is accused of pretending that he was in a position to pay money as a return on investment for greenhouses after every six months.
Lawyers Mutea Michael and Kennedy Wambua are representing over 1,000 Goldenscape Greenhouses investors who were fleeced by Wangai. The Director of Public Prosecution (DPP) says Wangai committed the offenses on diverse dates between 2018 and 2019.
In March, Wangai was arrested and arraigned before Chief Magistrate Martha Mutuku where he was charged with multiple counts of obtaining money by false pretense.
The court heard that Wangai obtained varying amounts of money from various investors between 2019 and 2020, with a promise of earning huge returns on their investments. He pleaded not guilty to the charges and was released on a cash bail of Sh2 million.
In February, at least 3,000 Kenyans who invested in Goldenscape demanded the arrest and prosecution of the company’s directors after losing a combined Sh18.6 billion.
In one of its investment packages, Goldenscape was promising investors annual returns of Sh550,000 for an investment of Sh320,000. Investors were to receive payments twice every year.
Comments
"Wajinga ndio waliwaua,"…
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"Wajinga ndio waliwaua," wazee wa jadi walinena. Hata baada ya kuwaonya Wakenya waishio ughaibuni wasidhubutu kutapeliwa na Bishop Ngare wa Gukuyo na Ekeza, Uridhi, na miradi mingineo, walinipuuza. Wakawa na mwingi wa tamaa hasa katika ploti za Kabati, Kenol, huko Murang'a. Gakuyu akatumia pesa zao kuranda randa jimbo za Marekani baada ya nyingine, akitumia Jambo Radio Network. Sasa majuto ni majikuu. Goldenscape ya huyu Wangai nayo ikawafumba macho, ndio hao madabo zao zikaelekezwa huko. Na kama hio haitoshi, sasa tena wanafumbazwa na kunaswa na mitego ya Optiven, Username, Dhahabu Land Ltd na mafi ya kuku, na zinginezo.
Sijui lakini dabo zangu huwa za matungu na kujinyima kwingi. Unapo kuwa tayari, na ungeliazimia kupata plot, shamba, nyumba au mali aina yoyote, safiri nyumbani, tafuta wakiri anaetambulika, ambaye atakueleza kutimiza azimio lako. Kumbuka, asilimia 87 wa Wakenya ni wezi, waliosalia ni wale wanaotarajiwa kufuzu, wanaofunzwa kuiba, na mabaki ni wale wanaotayarishwa kujiunga jama na uhasama unahusishwa na wizi. Tahadhari tahadhari ndugu zangu. Wakenya siku hizo wanatafuta njia za utapeli za mkato.
These coning mfckrs need …
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These coning mfckrs need ‘mob justice’ they screw up folks and get away with the corrupt Kenyan judicial system. Especially many diasporans (i feel for you) have fallen prey of their hard earned money to these lazy folks who just con because someone believed and trusted in them to deliver. TOO SAD they are scaring everyone from investing in motherland. Conmen need to be stoned to death!! Like it is in Rwanda, they’ll get the message. Ukiiba yangu utajua hujui, ask Rotich.
Mob just should be inscribed…
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Mob just should be inscribed in our constitution! That will quickly put an end to these thieves.
GOLDENBERG GOLDENSCAPE…
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GOLDENBERG GOLDENSCAPE(goldenescape) we never learn we put our reasoning in getting rich but not first researching on who what and how
Next should be John Kithaka…
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Next should be John Kithaka of fep
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