A man has been charged with obtaining over Sh 223 million in an alleged fake gold deal targeting a foreign national.
Steven John Waiswa appeared before Irene Thamana at the Milimani Law Courts, where he denied charges of conspiracy to commit a felony and obtaining money by false pretenses.
The prosecution told the court that between March 31, 2024, and May 30, 2024, within Nairobi City County, Waiswa, jointly with others not before the court, conspired to steal USD 1,271,200.74, approximately Sh223,756,000, from Tanner Caldwell Cook.
According to the charge sheet, the accused allegedly obtained the money by falsely pretending that he was in a position to sell 2,820 kilograms of gold to the complainant, a fact the prosecution says he knew to be untrue.
The court released Waiswa on a bond of Sh2 million or an alternative cash bail of Sh500,000 pending the hearing and determination of the case.
The matter will be mentioned on March 11, 2026, for further directions.
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