A Makadara court in Nairobi has released a serial motor vehicle registration fraudster on Sh100,000 cash bail.
This is after an application by the police seeking further custodial orders to detain George Gitu and complete investigations were turned down.
“George Gitu, one of the brains behind a new crime wave involving brokers and insiders at the NTSA, who obtain credit from micro-finance institutions using forged logbooks is a free man,” the police said.
The police said that Gitu obtained over Sh4.4 million through forged logbooks of four vehicles belonging to unsuspecting vehicle owners.
The fraudsters drive top of the range vehicles, posing as legitimate businessmen in the thriving property, land and logistics sectors, while all they do in their lives
“Gitu, working with crooked NTSA officials at the ICT department was registered in the TIMS system as the bonafide owner of KCD 974Z, Isuzu D-Max, KCR, 280R Toyota Vanguard and KCL 922G, Toyota Landcruiser Prado then fraudulently obtained credit using the vehicles’ forged documents,” the police added.
After acquiring Sh1.5 million from Northwave Credit, Sh1.4 million from Momentum Ltd and Sh843,000, from Bidii Credit, the logbooks were reverted to their original owners.
“The owners were left at the mercy of ruthless auctioneers who later went for the vehicles that had been used as security, to finance Githu’s and his accomplices’ lifestyles,” the police said.
In one sad case, a physically challenged woman based in Thika, who had received the Toyota Prado in this case as a gift from her daughter, was shocked to find out that her vehicle had been used as collateral by Githu to acquire a loan of Sh1.5 million.
The suspects identify a vehicle on the road or at a parking slot, before contacting their partners in crime at the NTSA and have the vehicle registered in their names. They then rush to micro-finance institutions and obtain credit.
So far, five suspects in this syndicate have been arrested by DCI crime busters based at NTSA since the crackdown began in December last year following a public outcry.
The detectives who have been joined by their counterparts from the Crime Research & Intelligence Bureau are currently on the trail of three more suspects who are part of this miscreant gang, that has left vehicle owners in the country living in fear of their vehicles being auctioned for defaulting on loans they know nothing about.