MAIN SUSPECTS IN SH2. BILLION GOLD FRAUD AGAINST MALAYSIAN ARRESTED AND CHARGED.

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Kelvin Mwaura Ngotho before Milimani Chief Magistrate court wherr he denied stealing sh2. 8 billion from a gold buyer. /PHOTO BY S.A.N.

BY SAM ALFAN.

The prime suspect in Sh2. 8 billion gold scam was this morning arrested at the Milimani law courts moments after walking out of a courtroom for the hearing of a similar matter.

Kelvin Mwaura Ngotho was nabbed by police officers in court corridors and presented before Milimani Senior Principal Magistrate Robinson Ondieki for fraud related charges.

Ngotho was accused of conspiracy to steal $19,000,000 equivalent to Sh2.85 billion, on diverse dates between 19th October and 27th December last year. It is alleged that he committed the offence jointly with others not before court.

The charge sheet stated that he and others stole the money from Halid Bin Mohd Yavoob by falsely pretending he was in position to sell him 500kg of gold.

The prosecution told the court that on 27th of December last year at Kileleshwa in Nairobi city jointly with others who has already been charged before court they stole USD19, 000,000 from Yacoob by falsely pretending that he was position to sell him 500kg of gold.

Ngotho was released after posting a bond of Sh3 million or alternative cash bail of Sh1 million, after denying the charges.

According to the police, Ngotho main suspect in a Sh2.85 billion gold scam investigation involving two Malaysian nationals.

He was arrested in court precincts by the Operations Support Unit detectives after pursuing him since December 27, 2023.

The investigations established that Ngotho was the tenant of the Lavington-based premises in which the eight-gang member operated from, having entered a tenancy agreement with the landlord to use the property as a residential house.
On the day when the deal involving 50kg in fake gold was to be sealed, detectives stormed the house where Ngotho’s seven accomplices were rounded up but he managed to escape. They have since been arraigned

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