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Jared Otieno detained for 7 days in Sh300m gold scam

By Jael Mboga | May 17th 2019

Flamboyant businessman Jared Otieno will remain in custody for seven days as police continue investigations.

Senior Resident Magistrate Paul Mayova said there are grounds to detain Otieno over the Sh300 million gold scam.

He was charged with obtaining money by false pretences.

Otieno will be detained at Kileleshwa police station until May 24 when his case will be mentioned.

He presented himself to the Directorate of Criminal Investigations after a Chinese national claimed he and others defrauded him of Sh300 million, pretending they would supply him with gold.

The Chinese national complained to the officers in Nairobi.

DCI boss George Kinoti said detectives seized Otieno's Porsche and Bentley (pictured below) that were parked at his new, ritzy home in Karen, Nairobi.

Kinoti said Otieno was wanted and his team had been looking for him.

“He has been arrested and we are looking for more suspects in this issue,” he said.

It is not the first time Otieno is being arrested over similar claims.


Otieno surrendered to police after learning he was wanted over the issue. Police had been to his homes but failed to find him.

“I don’t know what I have done but I have surrendered to the police. I am ready for any action for now,” he said.

Kinoti said several suspects who are now on the run had been mentioned in the issue and are being sought.

He added Otieno had been identified in CCTV footage confiscated from a house in Kileleshwa as the owner of the premises and the main driver of the business.

Detectives from the cybercrime unit are studying CCTV footage confiscated from a house where fake gold was seized.

Police told the court that detectives are pursuing more suspects who are believed to be at large as well as obtain elimination prints to establish the suspects’ movements.

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