Detectives in Imenti North have arrested a suspect linked to an alleged fake gold investment syndicate accused of defrauding a retired teacher of more than KSh7.5 million.
Retired Teacher Allegedly Duped in Gold Investment Scheme
According to the Directorate of Criminal Investigations (DCI), the victim, a 61-year-old retired employee of the Teachers Service Commission (TSC), was allegedly lured into a fraudulent gold investment deal with promises of massive financial returns.
Investigators say the victim lost a total of KSh7,595,309 between February and April 2026 through multiple bank and M-Pesa transactions made to the suspects.
Main Suspect Arrested in Meru Hideout
Following intelligence-led investigations, detectives tracked down and arrested the main suspect, identified as Dennis Kinoti, at a hideout in the Gakurine area of Meru County.
Police say the arrest marks a major breakthrough in investigations into the alleged syndicate.
SIM Cards and Vehicle Recovered
Authorities revealed that a search conducted at the suspect’s residence led to the recovery of several Safaricom SIM cards believed to have been used in facilitating the alleged fraud.
Detectives also seized a grey Volkswagen Passat suspected to have been purchased using proceeds from the scam.
The vehicle was towed to Meru Police Station where it is being held as an exhibit pending further investigations.
More Suspects Being Pursued
Kinoti remains in police custody awaiting arraignment in court as detectives continue pursuing other individuals believed to be part of the alleged fake gold syndicate.
The DCI has repeatedly warned members of the public against falling victim to fraudulent gold investment schemes promising unrealistic returns.
