Detectives from the Directorate of Criminal Investigations (DCI) on November 5, arrested thirty-five suspects for selling fake gold to two foreign nationals.
It is reported that the foreigners were swindled to purchase 35kg of gold losing over Kshs 5 million in the process.
The gold fraudsters allegedly lured the foreign suspects into Kenya on the 4th of September promising they would deliver the gold to them.
Masquerading as genuine dealers in the precious metal, the suspects had on diverse dates in September 2024 paraded coated off-base metals to hoodwink and lure the two foreigners into a business deal, thereafter, holing up with thousands of dollars.
DCI arrest 35 suspects linked to gold scam
After making several trips to the country and into the opulent offices in which the scammers operated, the victims grew suspicious of the excuses made on why the 35kg of gold they had bought was not being exported to Dubai as agreed.
The two Dubai Nationals had made three separate transactions hoping that they would receive the gold consignment but unfortunately, the gold was not delivered to them.
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This prompted the foreign nationals to report the suspected fraud at the Directorate of Criminal Investigations (DCI).
Following the report, the DCI Operations Support Unit launched a crackdown on the suspects from the three areas where they were operating their syndicate that is Runda, Ridgeways, and Industrial Area parts of Nairobi which led to their arrest.
Criminal investigations body say suspects have familiar gold scam cases in court
“After days of scrupulous pursuit for notorious city fraudsters who defrauded two Dubai-based businessmen over USD 39,900 in a fake gold scam, DCI Operations detectives have rounded up 31 suspects connected to the scamming web,” the DCI statement read.
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According to the DCI, the operation also saw the seizure of four motor vehicles, metal boxes containing fake gold nuggets and bars, several radio sets, fake stamps, and authorization certificates for various ministries in the government, branded reflector jackets, Kenya and East African flags among others, all which were processed and secured at a police exhibit store.
Through interrogations, the DCI identified some notorious figures involved in the scheme, including familiar faces with similar active cases in court related to the sale of fake gold.
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