One Manases Kuria Karanja, Director of Interweb Global Fortune Ltd has been collecting monies from members of the public between January 2018 to 31st August 2019 under the guise of doing forex trading for them and promising them 20% interest per month on their investments.
On 1st September 2019 he closed Interweb Offices situated at Viewpark Towers, 14th Floor claiming he was doing digitization for his operations and was to re-open on 21st September 2019 after three weeks.
The next thing we saw is Manases Kuria being arraigned in court on 26th September 2019 by Capital Markets Authority (CMA) for having been operating an online forex brokerage business without a licence.
Some investors came together and went to court to seek for preservatory orders of any amounts in his numerous bank accounts (since most funds would be in the trading platform if indeed he was doing forex trading) some of them stated hereunder but on 15th December 2019, the prayers were quashed by Hon Andayi of the Criminal Division of the High Court at Milimani claiming that there was no evidence that the said accounts were frozen by CMA and hence he won’t grant our prayers.
Last statement by the Judge was in Kiswahili, ”Kila mtu abebe msalaba wake’ (everybody should carry their cross) ‘It left a lot to be desired.
That is how close to 900 investors (just a small fraction of the thousands of investors who had invested with Interweb) were thrown under the bus and now working on instituting a civil suit to demand for their monies as invested (including interests and damages thereof) at Interweb Global Fortune Ltd under one Mr. Manases Kuria Karanja.
The accounts they operated are as follows:
Equity Bank–Manaseh Karanja-0260192282367
Barclays Bank–Manases Kuria Karanja-2040428227
CFC—InterWeb Global Fortunes Ltd-0100005685208
KCB—Manases Kuria Karanja-1204020922
DTB—Manases Kuria Karanja-0520277001
I&M–Interweb Global Fortune Ltd-03601786701210
NIC Bank—Interweb Global Fortune Ltd-1006042712
Coop—Manases Kuria Karanja-01109099852900
Coop–Inter Web Global Fortune Ltd-01192846023300
Mr Manases Kuria was charged with 7 counts of obtaining over Sh3.9 million from victims by false pretences in a company he operated without licence in 2018. He denied the charges and is out on a cash bail of Sh1 million.
When running the business, Mr Karanja is said to have invited members of the public to invest by depositing the funds with him. In return, the investors were to get a monthly commission of 20 per cent of the amount invested. In case the relations got terminated, the investors were to get a full refund of the initial deposit.
The matter was scheduled it to proceed on February 24, 2020.