Nairobi court releases two suspects charged in Ksh.15 billion gold scam on Ksh.500K bail
A Nairobi court has released two gold scam suspects on a cash
bail of Ksh.500,000.
Nicholas Otieno Ndolo
and Thomas Otieno Ngoe were arrested on Tuesday for the offence of Conspiracy
to commit a Felony contrary to Section 393 of the Penal Code.
The prosecution wanted the two detained for a period of 14
days to allow them complete investigations into the matter.
According to court documents, the complainant who is a foreigner was introduced to Ndolo as a
businessman dealing in gold business. After a formal introduction, they agreed
that the complainant would purchase 300kgs of gold at a price of USD41,000 per kg (approximately
Ksh.5 million) which would total to USD123,000,000 (approximately Ksh.15.9 billion).
“The 1st respondent
confirmed to have received the money and would then contact the complainant to
witness the packaging of the gold in readiness of the said gold for shipment
top Dubai,” the court was told.
Further, the prosecution
told the court that the complainant waited in vain for an appointment to
witness the packaging which prompted him to request documentation in
regard to the purchase of the said gold.
It is then that the
complainant realised that some of the documents such as the customs entry
indicated on the declaration form dated 8th of March were not genuine.
The matter was reported at
Capitol Hill Police Station on March 11, 2023 and upon investigation, it was discovered that after
receiving the money, the accused transferred it to other accounts.
Upon arrest on March 14, 2023, Thomas was
allegedly found with a firearm which police believe to have been used to commit
crimes.
Senior Principal
Magistrate Charles Mwaniki, while releasing the accused, said there were no
compelling reasons to warrant the two be put in custody for a period of 14
days.
According to the magistrate, the prosecution did not tell
the court that the two were a flight risk and therefore released them.
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