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Nairobi Businessman Charged in Ksh 32 Million Fake Gold Scam
The prosecution told the court that the accused pretended to be in a position to smelt and ship 495 kgs of gold from Kenya to Dubai, which was a false statement.
A city businessman has been charged in a Nairobi court with conspiracy to defraud and obtaining Ksh 32.3 million in a fake gold business scam.
Mohamed Noor, a businessman along Luthuli Avenue, was charged that on diverse dates between January 1 and February 3, 2026, at Nairobi County within the Republic of Kenya, with another already in court, with the intent to defraud, obtained from John Sodipo of Sodipo Law group USD 250,5000, equivalent to Ksh 32,314,500.
The prosecution told the court that the accused pretended to be in a position to smelt and ship 495 kgs of gold from Kenya to Dubai, which was a false statement.
In another count, he was charged with money laundering, an offence which is contrary to the law. He was charged that, on January 17, 2026, within Nairobi City, jointly with another person in court and others who are not before the court, agreed to pay SRK Logistics a sum of USD 217,900, the money he knew to be proceeds of crime as a settlement debt owed by Mohazcom Trading.
He also faced a charge of acquisition of proceeds of crime through the National Bank account in the name of Mohazcom Trading.
Further, he was charged with the charges of being in possession and using the proceeds of crime through the National Bank.
He denied the charges and, through his lawyer, prayed for leniency, citing that the accused is a well-known businessman in Nairobi, Luthuli Avenue, and is willing to comply with the rules set by the court.
The prosecution did not oppose the release of the accused on bond, urging the court to apply similar terms imposed on the co-accused, who was charged with similar charges.
“Your honour, we would pray this court to apply similar terms imposed on the co-accused person who was charged with similar charges,” the prosecution submitted.
In her brief ruling, the magistrate considered the application by the prosecution, which directed the accused person to deposit a bond of 1 million with a surety of the same amount or alternative cash bail of Ksh 250,000 with one contact person.
