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Mastermind in fake gold scandal arrested

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Jared Otieno, the main fugitive in the fake Gold scandal has been arrested during a dawn security operation.

DCI boss George Kinoti says detectives have also seized two of his brand new vehicles–a Porsche and Bentley—that were parked at his newly acquired palatial home in Nairobi’s Karen.

“The fugitive Jared Otieno has been arrested, we raided his newly bought palatial house in Karen where two brand new vehicles, a Bentley and a Porsche were recovered” said Kinoti.

Several other suspects – including Zaheer Jhanda – whom police describe as a person of interest in the investigation are being sought.

In photographs circulating on social media since last week, Jhanda is seen hobnobbing with the high and mighty in the political and government circles in what many fear could easily compromise the ongoing investigation.

But the DCI boss has vowed that he is determined to dismantle what he described as a “criminal enterprise which had ballooned to a parallel gangster economy.”

15 suspects were arraigned in court on Tuesday, with police now allowed a week to conclude investigations against them before they can face formal charges.

Some of them were arrested when police raided another palatial house in Kileleshwa where Gold boxes and 8 vehicles were recovered.

A magistrate’s court in Milimani granted the request on Wednesday, saying the period will be sufficient to finalise the matter and decide the charges to prefer against them.

Police had sought to be given two weeks, arguing that they need to establish the nationalities of three of them and analyse data from phones and computers recovered from them

Author

Milton Nyakundi

Milton Nyakundi is a veteran multimedia journalist with over 20 years of experience across broadcast, digital, and print media, who relocated to the United States in 2022 and is now the Senior International Correspondent for Kurunzi News based in Washington, DC, USA. He has previously worked with the Kenya Broadcasting Corporation (KBC), among other high-profile roles with Kenya's first privately-owned media outlet - Kenya Television Network. His experience also include prominent roles as Media Consultant for Football Kenya Federation (FKF), and StarTimes Kenya. His career spans high‑stakes political reporting covering legislative and constitutional issues, elections, governance, and accountability across Kenya, Africa, and global arenas. He also boasts extensive sports journalism experience, covering local and international sports events, including leagues, tournaments and sports governance. He is well-known for his investigative depth, editorial leadership, and evidence-driven journalism that guides his consistent delivery of public‑interest storytelling across platforms.

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