Controversial businessman Jared Otieno was on Wednesday evening arrested for allegedly masterminding the fake gold scam in the country.
According to DCI George Kinoti, Otieno was smoked out of his hiding when armed detectives raided his palatial home in Karen, Nairobi.
Detectives also towed away his two luxurious cars, a Porsche and Bentley, that were parked at his newly acquired home.
“The fugitive Jared Otieno has been arrested,” Kinoti told Capital FM News on Thursday morning, “we raided his newly bought palatial house in Karen where two brand new vehicles, a Bentley and a Porsche were recovered.”
“He is part of a wider gang and we are still pursuing others. These people are harmful to the economy since they are selling what does not exist,” he added.
“They have wreaked havoc on many people. This is a criminal enterprise and we are determined to dismantle it.”
The raid didn’t come as a surprise as the flamboyant businessman has been linked to related scams in the past.
Are there people who leave in these beautiful mansions who don't engage in corruption, fraud, robbery, drug trafficking, sale harmful and illegal substances, false prophesy? Are there hardworking, tax paying Kenyans who leave here and not the likes of Jared Otieno? pic.twitter.com/TEXuYpK95l
— Maina P Kiromo (@mpkiromo) May 16, 2019
On June 20, 2017, police arrested the businessman over claims he swindled foreigners in a gold export deal.
Senior principal magistrate Martha Mutuku allowed the request by police to detain him for seven more days to allow for completion of investigations.
The flashy businessman had been arrested for obtaining money by pretending to be in a position to export gold from Kenya to foreign countries.
He was arrested after several complaints to the police by four foreign nationals.
According to the police, the Mr Otieno often told the complainants that monies they sent him was used to pay government taxes and exportation expenses.
His latest arrest comes days after investigations were launched following numerous complaints from those conned–including United Arab Emirates leader Sheikh Al Maktoum.
In a statement on Friday, DCI boss George Kinoti has urged foreign Embassies and High Commissions to alert their nationals coming to Kenya for gold business.
Kinoti says unsuspecting foreign nationals have lost millions of shillings to gold scammers in the recent weeks.
Jared Otieno arrested by DCI Detectives at his Karen home just a day after the detectives raided his home on Wednesday over fake gold claims.
This is after he was named to be part of a racket that conned a Dubai Prince off gold. pic.twitter.com/yT3KdDOODY
— NT.co.ke (@NtKenya) May 16, 2019
Three other politicians are being probed by the Directorate of Criminal Investigations including a first time MP from Trans Nzoia county and a flamboyant businessman who unsuccessfully contested a parliamentary seat in Kisii region.
Following the recent developments Kisii politician Zaheer Jhanda has been profiled as person of interest in the recent gold fraud.
Kakamega Senator Moses Wetangula has also been linked to the scam but he denied the accusations.
Wetangula’s aide Chris Mandu who spoke to a local news paper accused the senator’s political nemesis for spreading the propaganda.
Mandu stated that the gold scam was a business deal gone sour.
He further stated that the lie was being peddled by the Senator’s business partners who also lost money in the transaction.