DCI detectives have arrested Tim Orao, a prime suspect in Ksh 38 million fake gold scam.
The suspect was arrested months after the arrest of another suspect back in December over the same scam.
The two are accused of mixing several metals and parading it as gold. They are also accused of receiving payment and not delivering the said gold.
“A team of detectives from the operation support unit (OSU) have today arrested Tim Orao Shikalo, a key suspect who has long been on the police radar for his role in a sophisticated gold scam that defrauded a foreign investor of USD 265,200 (approximately KES 38 million).
His arrest marks a significant breakthrough in the ongoing investigation, following the earlier apprehension of Steve Okoth Odek (alias David Bett) on 7th December 2024, who was arraigned and charged in connection with the same fraudulent scheme.
The scam involved fake gold purchase contracts totaling over 1,080 kilograms, with false promises of secure delivery, guaranteed collateral, and fraudulent legal facilitation.
Investigations have since revealed that the purported gold was nothing more than a mixture of copper, zinc, and tin, with no trace of any precious metals.
Shikalo is currently in police custody and undergoing processing ahead of his arraignment.
Meanwhile, detectives are closing in on two additional suspects believed to be part of this elaborate criminal syndicate.” Said DCI
