A trader has been charged with defrauding an international company of $225,100 (KES 29 million) claiming he was in a position to export a total of 150 kilogrammes of gold to a Dubai-based jewelry dealer.
Mr Fred Obach Oliech faced three counts, namely conspiracy to defraud, obtaining money through trickery, and benefiting from the proceeds of fraud.
Mr Oliech was charged before Milimani Law Courts Magistrate Teresia Nyangena.
The prosecution alleged that between June 23 and June 25, 2026, within Nairobi County, Mr Oliech and an accomplice conspired to defraud Kais Lahyani – representing Oro Trading Fze IIc.
Mr Lahyani filed a complaint then travelled to Nairobi on July 29, 2026, to testify in the case against Mr Oliech in court.
Police investigating the case discovered Mr Oliech had already spent KES 16 million before his bank account was frozen.
The case will be mentioned within a fortnight to allocate a trial date.
Meanwhile, the prosecution was ordered to supply the accused with witness statements and copies of exhibits to enable the accused prepare for his defence.
The accused was released on bond.
