Tuesday, September 28, 2021

India based investor defrauded Ksh 200M in fake gold deal

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An investor of Indian decent is counting losses close to Ksh 200 million after he was defrauded in a fake gold trade involving a Guinea Bissau national.

Cavalho Lopes is reported to have obtained 780,000 dollars from the investor based in Mumbai with the promise to deliver 44.45 kg of the precious commodity.

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The gold was then shipped through Kigali and to Kenya where it was to be loaded on a plane belonging to Kenya Airways before the detectives intercepted the consignment.

“An investor based in India, is counting losses after being defrauded close to Sh200 Million in a fake gold deal involving a fraudster from Guinea Bissau, identified as Cavalho Lopes.

The fraudster who styles himself as a gold dealer obtained $1,780,000 from one Malian Sanjay, based in Mumbai, India on the pretext that he would sell him 44.45 Kgs worth of gold.

According to investigations by Serious Crimes detectives based at DCI headquarters, the gold was to be shipped from Guinea Bissau through Kigali before being loaded on a plane to India via Jomo Kenyatta International Airport.” Said DCI

Once at the airport, the investor was contacted by one Hezbon Nyabola who posed as a Kenya Revenue Authority (KRA) official demanding 26,700 dollars to release the goods.

He become suspicious before contacting DCI detectives who confirmed that what was to be gold was infact river bed pebbles.

“Once the complainant received confirmation from Lopes, that the shipment was on transit to Nairobi, he was contacted by a person purporting to be from Kenya Revenue Authority a few days after.

The caller identified as Hezbon Nyabola, informed him that his consignment, Airway Bill No706-27720626 had been detained at JKIA for non payment of customs duty.

As a result, Sanjay sent him, a further $26,700 to clear the consignment and facilitate its shipment. All along, the investor had not realized that he had been scammed until the gold failed to arrive in India within the agreed upon time.

He became suspicious and sought the assistance of our detectives, who immediately moved in and recovered the consignment at JKIA. However upon inspection, what was supposed to be gold worth over Sh190 million was discovered to be river bed pebbles, neatly arranged in a box!

Hezbon Nyabola has since been placed in custody, pending arraignment in court, for obtaining money by false pretenses.” Said DCI

Berryl Achieng
Kenyan news interests me a lot but I also keep tabs on other news making headlines in Africa and around the world.

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