As part of its efforts to crack down on transnational gold fraud syndicates, the Directorate of Criminal Investigations (DCI) has arrested a Kenyan man who was involved in a scam targeting a Canadian investor, resulting in losses of Ksh80.34 million.
Investigators from the Operations Support Unit (OSU) say the suspect played a central role in a fake gold export deal that defrauded the foreign investor of USD 618,000 - equivalent to around Ksh80.34 million.
Investigators from the DCI report that the suspect lured the investor into a fake gold export deal involving 250 kilograms of gold, which was allegedly set to be shipped to Dubai by private jet.
The incident occurred in April 2025, when the investor received a pro forma invoice for Ksh41.39 million (USD 318,400) from a company.
