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DCI Seeks 10-Day Custody of Suspects in KSh 58M Gold Export Fraud Case

DCI says suspects used fake gold export documents and cryptocurrency transactions to defraud foreign investors of millions in a cross-border scheme.

CH Reporter by CH Reporter
May 18, 2026
in News
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DCI Seeks 10-Day Custody of Suspects in KSh 58M Gold Export Fraud Case

DCI seeks 10-day detention of two suspects in KSh 58M gold scam involving fake export documents and cryptocurrency fraud targeting foreign investors.

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The prosecution has moved to the Chief Magistrate’s Court at Milimani seeking orders to detain two individuals for ten days as Directorate of Criminal Investigations (DCI) continue into an alleged multi-million-shilling gold export scam targeting foreign investors.

In an application filed by the Directorate of Criminal Investigations (DCI) Nairobi Regional Office, investigators want Kache Mildred, also known as Sabreena Ayesha, and Ahmed Bashar Mohamed held in custody to allow time to complete inquiries. The duo is suspected of working with others still at large to fraudulently obtain approximately USD 447,000 (about KSh 58 million) through false pretences and conspiracy to defraud under the Penal Code.

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According to court documents supported by an affidavit from Corporal Dennis Mugambi, the complainants, Terry Lee Schrub Jr and Kenneth J. Adler, were allegedly misled into believing the suspects could facilitate the export of large gold consignments from Kenya to Dubai. The victims reportedly made multiple payments via cryptocurrency, covering what they were told were legitimate costs such as documentation, smelting, insurance, and air freight.

Investigators state that the suspects relied on fabricated assay reports, falsified insurance papers, and fake shipping documents to sustain the scheme. Financial trails have since been linked to several cryptocurrency wallets, including one said to be associated with the second suspect, through which part of the funds was allegedly received and distributed.

The first suspect is described as the key architect of the operation and is said to have attempted to evade arrest at a residence in Nairobi by barricading herself inside before trying to escape over a perimeter wall. She was eventually apprehended by DCI officers.

The prosecution argues that both suspects pose a flight risk, citing lack of fixed residence and prior attempts to avoid arrest. Investigators also warn that releasing them at this stage could jeopardize ongoing efforts to trace additional suspects, recover funds, and analyze digital evidence, including cryptocurrency records and forensic data.

The court has been asked to treat the matter as urgent, with a ruling on the detention request expected soon as authorities work toward formally charging the suspects.

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