This archive report was first published on 11 May 2021.
On May 10, 2021, a Nairobi court issued an arrest warrant for Goldenscape CEO Peter Wangai after he failed to appear in court for the second time.
Wangai had previously skipped a court date on March 24, 2021, citing that he had contracted the novel coronavirus and requested a postponement of his plea.
However, on Monday, the chief magistrate was supposed to examine Wangai's medical report and rule whether he was fit to take a plea, but Wangai failed to appear in court again.
The Office of the Director of Public Prosecutions (ODPP) intends to charge Wangai with 360 criminal charges, contained in 18 separate files, for allegedly obtaining varying amounts of money from individuals between 2019 and 2020, promising them handsome returns on their investments.
Wangai's defense team argued that he was not to blame for the loss of Sh19 million worth of investors' cash because he was only a director at the company.
The matter will come up for mention on May 17, 2021.
