A businessman has been charged with obtaining $225,100 (about Sh29 million) in cash by allegedly falsely claiming that he could supply gold to a Dubai-based company.
Fred Obach Oliech appeared before Milimani Senior Principal Magistrate Theresia Nyangena and denied a charge of obtaining money by false pretences.
According to the charge sheet, Oliech allegedly obtained the money from Kais Lahyani, acting on behalf of Oro Trading FZE LLC on June 25, 2026, at Ridgeways in Nairobi County.
The prosecution alleges that Oliech, together with another person not before the court, falsely represented that he was in a position to sell 25 kilograms of gold to Oro Trading FZE LLC, a claim he allegedly knew to be false.
He is also facing a charge of conspiracy to defraud, with prosecutors alleging that between June 23 and June 25, 2026, he and another person conspired to defraud Lahyani, on behalf of Oro Trading FZE LLC, of $225,100 by falsely claiming that they were capable of supplying a total of 150 kilograms of gold.
In a separate count, Oliech has been charged with acquisition of proceeds of crime under the Proceeds of Crime and Anti-Money Laundering Act.
The prosecution alleges that on June 25, 2026, at Ridgeways, Oliech received the $225,100 in cash from Lahyani on behalf of Oro Trading FZE LLC, knowing or having reasonable grounds to believe that the money was, or formed part of, the proceeds of crime.
The court released Obach on a bond of Sh 2 million or an alternative cashbail of Sh 400,000.
The matter is to be mentioned before the court on 18th August pending trial.
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