Tana-River County Senator Danson Mungatana on Thursday narrated to a Nairobi court how he was conned over Sh120 million in a get-rich-quick scheme that led him to poverty.
Mungatana said his late wife died without knowing the truth about their Karen home, which was part of the assets he sold to invest in the scheme.
The senator was testifying in a case in which Chad national Abdoulaye Tamba Kouro, who was introduced to him by Mohammed Amin, is accused of pretending he would help Mungatana invest the money.
Mungatana said the accused first earned his trust after he gave him Sh500,000 and received double the amount (Sh1,000,000). He then gave out Sh5 million and was given Sh10 million after six months.
“I was very happy when I was told there’s another opportunity to invest. He asked me if I had money I told him nope, he asked me to look for money, he said the opportunity is for around Sh5 million,” Mungatana told the court.
“I looked for the money from friends and relatives, he had said I will be paid double the amount and after six months the accused person, true to his words he gave me back 10 million shillings. And all these transactions were in cash.”
The court heard that the accused person disappeared when Senator Mungatana gave him $1 million (Sh120.8 million) the third time.
“I never suspected that it would go wrong because the accused inspires you with confidence when you go to his place you will see many vehicles his apartment is richly serviced with men watching over him, he’s been treated like a king and will never think that anything would go wrong,” he said.
“I believed him and I started looking for that money. I sold properties that were in my name, I sold shares that were in my name and my late wife’s name, we had cars that had log books we went to the banks and your honour we took short term loans, I had a home in Karen with seven rooms and at that time I was an MP it was the biggest investment I had made it was Sh70 million and I took a mortgage,” he added.
“I lost everything. After borrowing all the wealth I had accumulated and every time I’d sell I’d convert into dollars and take the cash to that man. He made a mockery of my own savings.”
Mungatana pleaded with the court to convict Tamba so that he serves as a lesson to other conmen.
“These foreigners are conning a lot of Kenyans. Everything that I did and the business of law firm they took all my money….he should have been charged alongside his sons, he’s the main one who was taking the money. He works with his son and other people.”
Book Smart but not street…
Book Smart but not street smart
Hope Mungatana declared all…
Hope Mungatana declared all those income streams on his taxes?
Well, easy come, easy go. I have a bridge to sell you Danson.
Mungatana fkd up by his own…
Mungatana fkd up by his own greed! He knew so well what was going on, a case of whose fooling who and wanted to take his chances before bailing out unfortunately they outsmarted him when he was enticed to part with 20 times what he initially gave, thinking he’ll quadriple his gains! Wajinga waliwao! Lesson hard learned!
Hehehe isn’t he a Good…
Hehehe isn’t he a Good lawyer we have in kenya..They conned u coz ur greedy u want to get rich quick.U could have stopped this bullshit of selling your home bana.People need to understand hii mafesha yote we look for 24/7 tutaiacha tu hapa siku yako ikifika.Be content with what you have don’t b too greedy my fren.
Sorry but not sorry. Your…
Sorry but not sorry. Your greed and get rich quick schemes need you Mamba man. Maisha ni moss moss Buana.
Did it ever occur in your…
Did it ever occur in your mind a question mark about how the conman would miraculously double your “investment@? Your greed and corrupt mindset facked you up bratha! No one else to blame but yourself! Obviously, you didn’t tell now your dead wife cause you wanted to con her as well! She would have stopped you by the tracks cause she was obviously smarter!!!
It is very easy to be conned…
It is very easy to be conned . you never realize until it is too late . the conmen are the smart ones they know how to please, to play with mind but 120M was a big risk he should have given him 20M and if it doubled 30 which he already earned then stop after that but lol we are too greedy to even think of risks . Mungatana never at one time argued in his mind where on earth one makes such a huge amount > at one stage we need to pause and think at offers that are too good to be true
This man is stupid. Stupid…
This man is stupid. Stupid and greedy. Awache urongo stress ya kukimbizana na Mwashirima Kapombe is what contributed heavily to his late wife’s ailment. Never entrust such a foolish and weak man with anything not even a chance to be a sperm donor. Very useless
The crocodile eater has been…
The crocodile eater has been eaten by the crocodiles! The Chad national should actually be freed. All he did was out wit Mungatana. That is not a crime. Mungatana is a perfect example of why street smart will always win over book smarts in graft. A person who went to law school should have some reservation when transacting such colossal amounts ($1M). Contract law 101! This guy is a senator, I wonder what kind of deals he conjures up for his constituents.
The crocodile eater has been…
The crocodile eater has been eaten by the crocodiles! The Chad national should actually be freed. All he did was out wit Mungatana. That is not a crime. Mungatana is a perfect example of why street smart will always win over book smarts in graft. A person who went to law school should have some reservation when transacting such colossal amounts ($1M). Contract law 101! This guy is a senator, I wonder what kind of deals he conjures up for his constituents.