A Cameroonian national has been charged before a Nairobi court over gold fraud.
Victor Taku Shum Elad is accused of obtaining US dollars 54,000 (approximately Sh 5,724,000) from Song Sung Min, the director of DO Industrial Corporation by falsely pretending that he had genuine gold for sale, a fact he knew to be false.
Elad is alleged to have committed the offense between 1st September and 30th November 2021, in Nairobi jointly with others not before court and with intent to defraud.
The accused is also charged with the offense of preparation to commit a felony.
The court heard that on the same dates and place, the accused intended to defraud Min by means of fraudulent tricks and displaying fake hold nuggets and having an office trading in the name of Ekweume Freight Company Limited, falsely pretending that he was carrying out a genuine gold business.
Elad denied the charges before Chief Magistrate Wendy Kagendo.
His lawyer told the court to grant his client lenient bail on grounds that he is not a flight risk.
He further added that the Cameroonian has a valid work permit and foreigner certificate ID.
The court further heard that the matter is related to a similar one before Kibera Law Court where the accused is trying an out of court settlement.
The Magistrate granted the accused a bond of Sh 2 million and one surety of a similar amount.
The accused was also given an alternative cash bail of Sh 1million with two contact persons.
The matter will be mentioned on 9th February.
