A Kilifi court has on Tuesday released a 72-year-old Italian businessman accused of defrauding a coastal tourist establishment of Sh35 million on a Sh1 million cash bail.
Chief Magistrate James Mwaniki, at the same time, ordered Daniel Ricci, who also holds Kenyan citizenship, to deposit his passport with the court and to seek permission from the magistrate should he wish to travel outside Kenya.
This was after Ricci denied charges of defrauding Ravina Beach Gardens Limited in a series of land transactions involving parcel number 637 Mambrui in Magarini Sub County, Kilifi County.
Mwaniki granted the accused person a bond of Sh2 million, with a Kenyan surety of a similar amount, or an alternative cash bail of Sh1 million.
