Tribhovan Anlalji Chavada
Jayesh Rribovan Chavda
Directors Accused of Fraud Deny Charges
Tribhovan Anlalji Chavada and his son, Jayesh Rribovan Chavda, both directors of TRV Towers Limited, appeared before Magistrate Benmark Ekhubi to answer fraud charges amounting to Ksh 112 million. In court, both denied all accusations brought against them.
Details of the Fraud Allegations
The charge sheet alleges that Tribhovan Anlalji Chavada misappropriated Ksh 112 million during his tenure as Managing Director of TRV Towers Limited. The alleged fraud occurred between October 18, 2019, and July 31, 2023. Prosecutors claim that Chavada unlawfully gained access to this money through his position of power within the company, diverting company funds for personal use.
Additional Charges for Conspiracy and Forgery
Chavada and his son are also accused of conspiring to defraud TRV Towers Limited of Ksh 112 million. In addition to the conspiracy charge, the two directors face allegations of forging documents. Specifically, they are accused of falsifying Bank of Baroda account-opening documents, purporting them to be genuine.
Legal Representation for the Complainant Seeks Stringent Bail Conditions
Representing the complainant, Counsel Justice Mutava argued that the accused should be granted strict bail terms due to the substantial amount involved. Mutava emphasized the serious nature of the allegations and the risk that the two directors might attempt to flee due to their dual citizenship status in the United Kingdom and Kenya.
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Request to Confiscate Passports and Restrict Company Access
Justice Mutava requested that the court seize the passports of both accused individuals to prevent them from leaving the country. He further appealed for a court order barring Tribhovan Chavada, as the company’s managing director, from interfering with TRV Towers Limited’s operations. Mutava argued that Chavada’s position allowed him significant control over company accounts and requested an account freeze to prevent unauthorized withdrawals.
Court’s Decision on Account-Freezing and Bail Terms
In his ruling, Magistrate Ekhubi refrained from imposing an immediate freeze on the accounts, suggesting that the complainant should file a formal application for such action. However, the court granted bail, setting it at Ksh 200,000 for Chavada and Ksh 150,000 for his son. Both were released pending the trial, which will resume on November 13, 2024.