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Originally published by Capital News
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July 22, 2026
4h ago

Court hears how investor lost Sh80mn in alleged fake gold deal

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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