3 Arrested as Police Seize Ksh37B Fake Currency and Gold in dramatic raid

Over Ksh 37 billion fake currency seized on May 4, 2021

Detectives have siezed more than Ksh 35 billion ($350 million) in fake US currency and arrested three foreigners during a raid in Ruiru.

The Directorate of Criminal Investigation operatives revealed that they tracked the three Cameroonians to a house still under construction where they seized the currency.

One Glock pistol and 28 rounds of 9mm calibre were also recovered during the raid.

“Two suspects were found to be in the country illegally while the third suspect holds a refugee identity card.

“In an operation conducted last evening, the detectives also recovered over 250 kilograms of fake gold nuggets and gold bars,” DCI stated.

Sleiths afterwards raided their home in Muthaiga where several items were seized as part of evidence of their criminal activities.

Investigations have also roped in a fourth suspect believed to be part of a wider criminal network.

“She (the fourth suspect) operates over 10 mobile money outlets and detectives believe that she is the link between the suspects and a wider criminal syndicate that is defrauding unsuspecting members of the public,” detectives added.

Over Ksh 37 billion fake currency seized on May 4, 2021

This is the latest case of fake US currencies in the country with reports indicating that Kenya is becoming a playing field for criminals dealing with fake gold and fake currencies.

The arrests come barely a week after police arrested two individuals in a Kilimani apartment, and recovered fake notes worth Ksh 750 million. The notes were in Kenyan, US and Euro denominations.

Police said that the fake currencies amounted to $6.2 million, 490,000 Euros and Ksh6.4 million.

The Federal Bureau of Investigation (FBI) on August 14, 2020, warned that cybercrime and money laundering was on the rise in Kenya.

It added that Kenya is a source of scams and destination of money garnered through cyber fraud.

Leave a Reply

Your email address will not be published.