31 suspects in Ksh.5M gold scam case released on Ksh.1.5M cash bail

Thirty one suspects arrested over their alleged involvement in a USD 39,900 (Ksh.5 million) gold scam were on Thursday arraigned and released on a Ksh.1.5 million cash bail or a Ksh.3 million bond each.

The suspects, who were arrested in an operation in Nairobi’s Runda estate on Tuesday, appeared at the Milimani Law Courts where they were charged with defrauding two Dubai-based businessmen.

They were charged with three counts, namely; conspiracy to defraud, obtaining money by false pretence, and being in possession of papers intended to pass as genuine currency notes.

“For Count 1 & Count 3 - Each accused person admitted to a bond of Ksh.100,000, alternatively a cash bail of Ksh.50,000,” the Office of the Director of Public Prosecutions (ODPP) said in a statement.

“For Count 2 - Each accused person admitted to a bond of Ksh.3 million, alternatively a cash bail of Ksh.1.5 million.”

The ODPP added: “The 31 suspects had been arraigned yesterday where they all took a plea of ‘not guilty’ before Hon. Alego, who committed them to custody pending the determination of the bail and bond terms that she delivered today…”

The case was set for mentioning on November 27, 2024 for pre-trial.