An investor from Pakistani is at the verge of losing Sh0.116 billion he put in what he was unaware was scam.
Three Kenyans have been arrested by detectives from Directorate of Criminal Investigations and arraigned in court for masterminding the fraudulent scheme.
Abdul Razak Rehan, Mohammed Amin Suleiman, and Ebrahim Ahmed Ebrahim lured the investor claiming they were scrap metal and car battery dealers.
They told the victim Kenya has lucrative opportunities in that area.
According to DCI report, when the Pakistanian flew into the country, Ebrahim advised him register a company, demanding Sh7 million for the process.
The money was handed to Mohammed and Abdul who posed an accountant at the registrar of companies and a personal assistant at the Deputy President’s office, respectively.
Then they duped the victim into making several additional payments in the name of warehouse rent, scrap metal and battery purchases, Kenya Revenue Authority customs duties, and special permits, all amounting to Sh116 million.
When he reported the matter and investigations commenced, it was established that all the permits were forged.
They were arrested after massive manhunt and arraigned at Milimani Law Courts.
They pleaded not guilty to the charges and were granted a bond of Sh5 million plus one surety.
The case is scheduled for mention on September 9.
