A businessman has been charged with defrauding an investor over Sh 32 million for delivery of gold to Dubai.
Mohamed Noor, a forex Bureau owner in Nairobi is accused if obtaining USD 250,500 (Apprx. Sh 32,314,500) from John Sadipo of Sadipo Law Group by pretending he was in a position to smelt and ship 495 Kgs of gold from Kenya to Debai, a fact he knew to be false.
Noor is alleged to have committed the offense between 1st January and 3rd February 2026in Nairobi, jointly with others already before court and others not before court.
The accused person is also charged with money laundering and possession of proceeds of crime.
According to the charge sheet, on 17th February 2026, Noor entered into an agreement to pay SRK Logistics a sum of USD 217,900 knowing the money to be proceeds of crime, as settlement debt owed by Mohazcom Trading.
He denied the charges before Senior Resident Magistrate Irene Thamara and was granted a bond of Sh 1 million with alternative cash bail of Sh 350,000.
The case will be mentioned on 2nd March 2026 for pre-trial.
