Gold fraud suspects charged afresh in Sh 300M case


Controversial businessman Jared Otieno and 13 others have been charged afresh in the Sh 300 million gold fraud case.

Otieno, Philip Nashon, Robert Ouko alias Maxwell Oyuga, Peter Omondi, Michael Omondi, Paul Otieno, Alice Nzisa alias Faith Nzisa, Joyce Akinyi, Juliet Kathambi alias Cynthia Kithinji, William Otieno, Hannington Modisa, Madam Olwangu,Seinim alias Salim Abubakar and Lekoke Lokunda denied receiving the millions under the guise of carrying on a genuine gold business, a fact they knew to be false. 

The 14 are accused that on diverse dates between 8th and 25th February  2019, jointly with others not before court, conspired with intent to defraud Simuong Group Company director Southorn Chanthavong from LAO of US Dollars 3,000,000 (apprx. Sh300,000,000) by means of fraudulent tricks.

The accused persons are alleged to have displayed heavy metal boxes allegedly packed with genuine gold bars and having an office trading in the name of Nirone Safe Keeping ltd pretending they were carrying out genuine gold business.

Otieno, Oroko, Owiti, Kibet and Odok are facing the charge of obtaining the Sh 300 million from the said Chanthavong by falsely pretending they had genuine gold. 

They all denied the charges before Milimani Chief Magistrate Wendy Kagendo. They are out on a Sh 500,000 cash bail.