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Originally published by Capital Newstop
July 22, 2026
4h ago
Court hears how investor lost Sh80mn in alleged fake gold deal
The investor said he was assured a chartered aircraft had already been paid for to transport the consignment but the promised flight never departed...
✨ Key Highlights
A foreign investor testified in court that he lost approximately Sh80 million in an alleged fake gold scam involving Duncan Okaka Okonji and others.
- The investor lost over USD 550,000 (about Sh80 million) after receiving 10 kilograms of counterfeit gold and paying for a shipment that was never sent.
- The key person accused is Duncan Okaka Okonji, facing charges related to an alleged USD 600,000 fake gold scam.
- The investor was promised gold would be exported to Dubai on a private aircraft, but after further payments for a second jet, the shipment never left Kenya.
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