A flashy Nairobi based businessman has turned out to be Kenya’s millionaire that never was after appearing in court two times in three days to answer to charges of fraud.
The accused is reported to be involved in extensive dealings in the sale of gold, allegedly fleecing unsuspecting clients millions of shillings all over the world.
He was arrested a week ago after foreign nationals lodged complaints with Kenyan authorities that he defrauded them over sh187 million.
He appeared before a Nairobi Court on Monday to answer to charges of fraud and three days later, appeared in the same court to answer to similar charges.
The businessman is being investigated for purporting to export Gold from Kenya to foreign Countries.
According to the investigating officer, Moses Gituathi, when swindling potential clients, the accused would say that the money is for paying government taxes and exportation expenses.
It is reported that he uses a total of four aliases for his business.
As from December 2016 to June, 2017, when he was arrested, eight foreign nationals had written letters of complaints to Kenyan authorities seeking to have the businessman investigated.
They are from Lebanon, South Africa, Spain, Sri Lanka, and Malaysia.
One of his victims said a kilo of gold retails at sh2.6 million and he had ordered 100kgs. It was to cost him sh260 million.
He gave out sh10 million as first payment but read through his scheme and demanded to have his money back but did not get it.
He revealed that the accused has cartels in many countries where there are prospective gold clients.
The businessman would allegedly smuggle gold from Congo’s Ituri district and get it to Kenya through the Kenya-Uganda border in Busia.
He was charged with the first count being fraudulently obtaining sh17.4 million from one of his victims between October 4, 2015, and October 2016.
He had promised to deliver 50kgs of Gold from Jomo Kenyatta International Airport to Kuwait International Airport.
His second charge was again fraudulently obtaining sh4.6 million from another victim between June 2 and June 13 this year.
He denied the charges and was set to be released on a sh3 million bond.
However, he is still in police custody as investigations go on.