A key suspect in a multimillion-shilling gold scam has been arrested after nearly a year on the run.
The suspect, believed to be one of the operational masterminds behind a syndicate targeting foreign investors, was apprehended on Sunday by detectives from the Operation Support Unit (OSU) following a sustained manhunt.
According to a police report, the suspect was linked to fraudulent gold purchase contracts involving over 1,080 kilograms of the precious metal. The contracts were presented to foreign nationals with promises of secure delivery, guaranteed collateral, and legal support to facilitate the transactions.
However, a forensic analysis conducted on the so-called gold revealed that the material was actually a deceptive mix of copper, zinc, and tin, with no trace of any precious metal. Gold bars on display.
