Businessman Jared Otieno (right) with his other co-accused at a Milimani law court on May 21, 2019.

Businessman Jared Otieno and 15 others have been charged with conspiracy to defraud and obtaining money by false pretence.

Otieno and his co-accused denied the charges on Tuesday before Chief Magistrate Francis Andayi at the Milimani Law Court.

They were charged with fraudulently receiving Sh300 million in a fake gold transaction.

Otieno and his co-accused will remain in custody until May 27, 2019, pending their bail ruling.

More to come…