DCI Nabs Four in Shocking Ksh25.8M Fake Gold Scam
Four suspects have been arrested in connection with a sophisticated fake gold operation that cost a foreign national Ksh25.8 million (approx. USD 200,000).
DCI Busts Elaborate Scam in Nairobi’s Runda Estate
According to a statement from the Directorate of Criminal Investigations (DCI), the arrests were made following a complaint by a foreign investor who had been duped into paying a fortune in a bogus gold trade.
The suspects — Felix Odiambo Otieno, Derrick Odhiambo Omore, Mohamed Ibrahim Mohamed, and Moses Odhiambo Auma — were nabbed at a house in Glory Valley Lane, Runda. Several other accomplices reportedly fled during the raid.
What the DCI Recovered During the Raid
Upon searching the premises, detectives recovered approximately 9.5 kilograms of fake gold bars, a weighing scale, an electronic gold tester, and multiple documents allegedly used in defrauding victims.
“The suspects had set up what appeared to be a legitimate operation. But it was all an elaborate ruse,” said a senior DCI official. The crime scene was processed and the evidence secured for prosecution.
More Victims, Bigger Haul
This incident comes just days after 11 others were arrested and over 350kg of counterfeit gold seized in a separate sting operation. One victim in that case reportedly lost over Ksh70 million.
Authorities are urging foreigners to be cautious when approached with gold investment deals and to report any suspicious activity through DCI’s toll-free numbers.
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