- Stephen Magero was arrested at Sultan Suites, Ngong View Estate.
- Accused of defrauding a victim of USD 34,800 (approx. KSh 4.6M).
- Fake 500g gold bars confirmed after testing.
- Police seized suspected gold bars, a laptop, smelting tools, and documents.
- Investigations are ongoing to dismantle a larger gold fraud network.
The Directorate of Criminal Investigations (DCI) has confirmed the arrest of Stephen Magero in connection with a gold scam targeting a Pakistani national.
Magero was apprehended at Sultan Suites in Ngong View Estate after probes revealed he allegedly defrauded the complainant of USD 34,800, equivalent to about KSh 4.6 million.
Investigators say he presented 500 grams of counterfeit gold, which was later tested as fake, prompting the victim to file a report at Karen Police Station.
A raid on the suspect’s office led to the recovery of several items believed to be linked to the fraud scheme. Among them were: Ten bars of suspected fake gold, Business cards bearing the name John Mbalaka, A MacBook Pro laptop, Smelting machines and related tools, A mining certificate under Chawanda Minerals, A weighing machine, Two plastic boxes filled with sand, Various files and documents
The DCI said:
“We arrested the suspect following a complaint by the victim. Items recovered will form part of the evidence as we continue to pursue the wider network involved in gold fraud.”
Authorities believe Magero is part of a larger syndicate targeting unsuspecting investors with counterfeit gold. Investigations are ongoing to track down his accomplices and dismantle the network.
