Two Indian nationals, a father and son, have been arraigned before a Mombasa Court alongside a Kenyan to answer to charges of forgery.
Mr Paresh Shivji Varsani, his father Mr Shivji Jadva Varsani and Mr Victor Arara Were are accused of allegedly defrauding the family of a deceased business partner by transferring his Sh20 million shares.
The three accused person were charged with defrauding the family of the late Premji Pindolia.
The three who faced another count of making a document without consent are said to have committed the offence on diverse dates between 2002 to date.
The court heard that the accused persons jointly with others not before the Court with intent to defraud and without lawful authority, made a transfer of shares of the late Pindolia, held in Ghanshyam builders limited, purporting it to belong to Paresh Varsani and Shivjibahi Varsani between April 14, 2002 and January 31, 2006, in Mombasa County.
The three however denied the charges before Mombasa Resident Magistrate Edgar Kagoni and through their lawyers, Mr Jared Magolo and Mr Gakuhi Gakue asked to be released on bail.
State prosecutor Jami Yamina asked the court to order the accused to deposit their passports with the police saying they were a flight risk.
The lawyers however told the court that that their clients were Kenyans and not a flight risk as alleged.
Magistrate Kagoni ordered for the three to be released on a Sh2 million bond each and surety of similar amount.
The three were ordered to report to the investigating officer every Friday, after they produced in court their identification documents.
The case will be mentioned on November 1, 2016.