DCI Apprehends Masterminds Behind Ksh 8.5 Million Fake Gold Scam

Nairobi, August 14–15, 2025 — In a significant breakthrough, the Directorate of Criminal Investigations (DCI)’s elite Operation Support Unit (OSU) has arrested two alleged masterminds of a sophisticated fake gold scam that defrauded Dubai-based investors of Ksh 8.5 million (USD 54,000).

Scam Uncovered

The elaborate scheme began in September 2024, when two Dubai nationals were lured to Nairobi with the promise of purchasing 35 kilograms of gold. Upon arrival, they were introduced to a network of imposters posing as customs officials, mining executives, and even private jet operators, giving the illusion of a legitimate gold business. Convinced by the ruse, the investors handed over Ksh 8.5 million—only to discover the deal was a hoax.

Arrests and Evidence

Following a six-month investigation, DCI agents executed raids in Runda, Ridgeways, and the Industrial Area—locations pinpointed by the victims. Over 31 suspects were arrested during these operations, and fake gold nuggets were confiscated as evidence.

On August 13, 2025, after nearly a year on the run, the two alleged masterminds—a man and a woman—were finally apprehended and arraigned at Milimani Law Courts. They pleaded not guilty, and their bond terms are set to be determined on August 18, 2025.

Wider Pattern of Scams

This case forms part of a broader pattern of increasingly sophisticated gold frauds. Just a week prior, the DCI uncovered a similar scam in which a Canadian investor lost Ksh 80 million (USD 618,000) in a phony gold export deal.

Charges and Warnings

The suspects now face charges of obtaining money by false pretences and conspiracy to defraud, as investigations continue to identify additional collaborators. The DCI has urged all potential investors—especially foreign nationals—to tread cautiously and verify deals through official, credible channels.

Summary Table

This case underscores the sophistication of modern fraud schemes and the importance of investor vigilance. The DCI’s coordinated raids and arrests demonstrate a firm response, but the rising number of such cases calls for tighter oversight of cross-border transactions.