GOLD FRAUD

Two charged with Sh12.7m gold fraud

The two appeared before Milimani Senior Principal Magistrate Esther Kimilu

In Summary
  • Seth Steve Okute who contested for Karachuonyo parliamentary seat Member on an ODM ticket and Bruno Otieno Olienda were accused of obtaining USD100,000, which is equivalent to Sh12.7 million from Marjorie R Grant.
Suspects arrested by DCI sleuths for obtaining over Sh21 million from a Niger national.
Suspects arrested by DCI sleuths for obtaining over Sh21 million from a Niger national.
Image: COURTESY

A Politician and businessman have been charged with obtaining Sh12.7 million in a fake gold deal.

Seth Steve Okute who contested for Karachuonyo parliamentary seat Member on an ODM ticket and Bruno Otieno Olienda were accused of obtaining USD100,000, which is equivalent to Sh12.7 million from Marjorie R Grant.

 

The court heard that they committed the offence on November 9, 2022, at I&M Bank within Nairobi County with the intent to defraud.

They allegedly obtained the millions by falsely pretending that Newsky’s Global Cargo Movers International ltd were in a position to pay customs duties for 33 kilograms of gold shipped from Burkina Faso a fact they knew to be false.

Okute and Otieno Olienda are also charged with conspiracy to obtain Sh12,7 million from Marjorie by falsely pretending they were in a position to pay customs duties for 33 kilograms of gold shipped from Burkina Faso to Zurich a fact they knew was false.

The two appeared before Milimani Senior Principal Magistrate Esther Kimilu and denied the charges.

They requested lenient bond terms from the court.

Bruno made an application for the police to release his three phones and his Mercedes Benz, which were seized arguing that they are not part of the case.

They were released on a bond of Sh2 million or alternative cash bail of Sh600,000 each and two contact persons.

The case will be mentioned after two weeks.

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