DCI Rescues Tycoon From Ksh 25M Scam Moments After Jetting In

Detectives from the Directorate of Criminal Investigations (DCI) rescued an Indian national from being duped out of Ksh25 million in a fake gold deal.

In a statement issued on Saturday, February 4, the detectives noted that the businessman had just jetted into the country and was in the process of negotiating the gold deal.

Through well-calculated raids in affluent Kitisuru and Kilimani neighbourhoods, several goods and firearms were recovered while 10 suspects were taken into police custody.

Firearms and bullets recovered by DCI during a raid in Nairobi on Saturday, February 4, 2023

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"Detectives have recovered two firearms and over 470 rounds of ammunition of 9mm and 5.56 mm calibre, after arresting 10 suspects believed to have defrauded $534,000 USD (Ksh67.3 Million) from two American citizens," DCI announced.

Among those arrested were eight Kenyans, one Indian, and a Greek citizen in one of the latest scams targeting foreign investors.

Additionally, a thorough search was conducted in the two homes leading to the recovery of 3 laptops, suspected mineral stones coated in gold and silver colours, a Cheque book with a local bank's branding, a briefcase containing metal analyser tools, cash counting machines, rubber stamps, and assorted metal rods.

"It is while the detectives were conducting the raid that they found the arrested Indian national, who had just jetted into the country, in the process of being defrauded over Ksh25 Million and saved him from the fraudulent deal," read the statement in part.

According to the detectives, two of the suspects were arrested after one of the victims, an American-based investor living in Los Angeles, reported the fake deals.

One of the two was arrested at his palatial home in Kitusuru and heavy metallic boxes suspected to be used in the storage of crucial exhibits were recovered.

On the other hand, the eight including a Greek and Indian national were arrested in unmarked offices along Maalim Juma road within the Kilimani area.

DCI termed the gold scam as one of the largest schemes targeting foreign investors.

Following the raid, the suspects were taken into custody and are awaiting court arraignment on Monday, February 6.

Items recovered by DCI after a raid on fake gold deals on Saturday, February, 4, 2023

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