Businessman Jared Otieno and 15 other suspects were yesterday charged with fraudulently receiving Sh300 million in a fake gold transaction.
In another count, the suspects were accused that on May 13, 2019 at Kaputei Gardens plot number 12 in Kileleshwa, they were found to be in possession of fake gold bars, heavy metal boxes stuffed with bags of cement and mallet hammers, and Ghana custom stickers
The items are said to have been used to convince buyers that the suspects were carrying on a genuine gold business.
The accused denied the charges before Chief Magistrate Francis Andayi.
Their lawyer, Stanley Kangahi, sought to have them released on lenient bail saying that they could not raise even a cash bail of Sh100,000.
Some of the accused said they were students while others said they were gardeners, taxi drivers and watchmen.
“If released on bail, the suspects will abide by all court directions,” said Kangai.
The accused were ordered detained at Industrial Area Police Station until May 27 when the court will rule on their application.
Otieno was arrested on May 17 and held at Kileleshwa Police Station.
Detectives probing the matter said he was implicated by CCTV footage that was confiscated from the scene. Two of his high end cars were also seized in the operation.
Last week, Senior Principal Magistrate Paul Mayova allowed an application by the prosecution seeking to detain Otieno longer.
The prosecution had made applied to detain the businessman for 14 days, but the magistrate granted seven.
The Directorate of Criminal Investigations in the application sworn by Felix Banzi, said it was investigating Otieno for obtaining money by false pretense.
Detectives are investigating whether Otieno may be linked to more fraudulent activities related to fake gold, with many more complainants emerging.
Meanwhile, a trader was yesterday charged in a Nairobi court with obtaining Sh200,000 from Narok Senator ledama Olekina.
Prosecution alleges that on March 3, 2019 at Eon Ekure in Narok County, the accused, Peter Njoroge Nyondo, with intent to defraud obtained from Senator Olekina cash Sh200,000 by pretending that he was in a position to construct a cow shed at the politician's farm.
Milimani Chief Magistrate Francis Andayi ordered Njoroge released on Sh150,000 cash bail.
The case will be mentioned July 1, 2019.
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