The Directorate of Criminal Investigations (DCI) has cautioned Kenyans against a company it claims is a scam.
DCI in a statement claimed that the company has pooled thousands of gullible investors who are now crying foul play.
“The DCI wishes to bring to the attention of the public that a pyramid scheme operating in the name of NMK Capital Investment Limited has over time pooled thousands of gullible investors who are now crying foul,” the statement reads in part.
Moreover, the DCI said the company operating from Nairobi at Corner House was registered in the country in 2021 and has seven directors.
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In the statement released on Thursday, September 7, the law enforcement body states that their Serious Crime Unit has received several complaints from victims who ventured into the pyramid scheme.
According to DCI, the victims claim that they cannot access thousands and millions of their investment after the directors of the company fell out.
“DCI’s Serious Crime Unit has received numerous complaints from victims who ventured into the scheme, laying claims that nothing is left of their thousands and millions of investments after the directors fell out,” DCI stated.
The Six-Month Contract Scam
As per DCI approximations, more than 5,000 investors were hoodwinked to enter a 6-month contract with NMK with a minimum investment of Ksh50,000.
This kind of investment would accumulate a redeemable monthly interest of 15% or a similar percentage of compounded interest redeemable at the end of the contract period (6months).
Furthermore, the said company offered car hire services by leasing vehicles from unsuspecting members of the public, which it then hired out to individuals and agencies.
“Car owners allegedly received 30% of the proceeds from the company,” reads the statement.
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Also, the DCI stated other ventures by the company including off plan properties, noting that investors are reporting to have lost millions from the investment and payments made for off plan houses, while some of those who leased out their vehicles have no track of them.
Consequently, the DCI warned the public that the two firms are under active investigations.
They have further urged Kenyans to exercise caution and due diligence before engaging in any business transaction.
