A Kenyan businessman has been arrested in connection with the gold scam infamy in which a German was conned of Ksh27 million.
Samir Munyinyi (below)was arrested for introducing himself to the foreigner as a shipper who owns a company called Sarume(K) Ltd.
He alleged that he could supply 360Kgs of gold and deliver it to Instabul.
The complainant realised he had been conned after releasing the money for processing of the consignment, court documents state.
Munyinyi is charged with obtaining money by false pretences contrary to section 313 of the penal code.
He is accused of obtaining USD257,000 from Mertoglu Muhammet by falsely pretending that he was in a position to sell him 360 Kilograms of gold.
The offence was committed on March 28 2018 and April 12 2018 along Galana Road , Kilimani , Nairobi.
The prosecution has not opposed bond and has equally been directed to make available all documents it will rely on during the hearing.
A magistrate has released the suspect on a bond of Ksh2 million or a cash bail of Ksh500K after he denied the charge.
Hearing is on September 11 2018.
Listed among the witnesses is a lawyer, Thomas Otieno, who held the transaction dollars in an escrow account before releasing to Munyinyi…In September 2017, the government after noticing an increase in gold scam cases sounded a warning.
The Ministry of Mining warned of a web of scammers dealing in fake gold.
Rogue mineral dealers have been issuing certificates purported to have been given out by the Mining Ministry to show that their gold, which is mostly fake, has been tested and graded, Cabinet Secretary Dan Kazungu.
“The fraud is committed by persons claiming to have huge quantities of gold for sale at discounted prices. Their victims have been unsuspecting Kenyans and foreign nationals,” Kazungu said in an advert in the government publication, My Gov.
Hefty upfront payments
Criminals are using false mineral dealers’ licenses, export permits and assay reports purported to have been issued by the ministry.
Other common fraud cases involve demands of hefty upfront payments to facilitate the processing of export documents with relevant authorities, after which no export is done or the consignment turns out to be fake gold.