A team of detectives from the operation support unit (OSU) have arrested a key suspect involved in a fraudulent gold deal that cost a foreign investor USD 265,200 (approximately Ksh 38 million).
Tim Orao Shikalo 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.
According to Directorate of Criminal Investigations (DCI), the scam involved fake gold purchase contracts totalling 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.
