Shocking Fraud Case: Company Director Honey Khatwani Accused of Stealing Over Sh 350M

Honey Khatwani faces charges related to the alleged misappropriation of approximately $2,786,174.40, equivalent to about Ksh 356,711,174.40, belonging to OK I Generate Ready Limited, where he serves as a director.

The alleged offenses occurred on various dates between January 1, 2020, and June 30, 2024, in Barbado, Nairobi County, with the funds reportedly acquired through his employment.

During a court appearance before Magistrate Dolphina Alego, Khatwani’s legal representative, Kennedy Echesa, argued for his release on favorable bond terms, asserting that Khatwani is not a flight risk and has familial ties in Kenya.

Echesa emphasized the principle of presumption of innocence, urging the court to consider a reasonable bond. In contrast, the prosecution highlighted the substantial amount involved, advocating for stringent bail conditions and the retention of Khatwani’s travel documents to mitigate any flight risk concerns.

The defense noted that Khatwani had previously been released on a cash bail of Ksh 200,000 and requested that this amount be maintained for the current case. Additionally, Khatwani expressed health concerns, requesting to be transferred to Avenue Hospital for medical attention. The court is expected to deliver a ruling on the bail application tomorrow.