A gold fraud suspect alleged to have obtained over Sh 38 million from foreigners in name of selling to them gold has been charged.
Steve Okoth Odek alias David N. Bett is accused of obtaining USD 256,200 (approx Sh 38,188,800) from Asianic Limited by falsely pretending that he was in a position to sell 580 kgs of gold to the said company, a fact he knew to be false.
Odek is alleged to have committed the offense on diverse dates between 1st February and 2nd August 2024 in Nairobi, jointly with others not before court.
The accused is also facing charges of conspiring with others not before court to defraud Asianic Limited the said money.
He denied the charges before Principal Magistrate Gilbert Shikwe.
Odek will remain in custody until 10th December 2024 when the court will grant him bail.
