By Collins Wanzallah
A suspected gold scammer accused of defrauding a foreign national of Sh38 million was arraigned in a Nairobi court. Steve Okoth Odek, also known as David Bett, appeared before Milimani Magistrate Gilbert Shikwe, where he denied two charges relating to the alleged fraudulent scheme.
The Allegations
Odek is accused of conspiring to steal USD 265,200 (approximately Sh38,188,800) from Asianic Limited between 1 and 2 February 2024. The prosecution alleges that he falsely claimed he could supply 580 kilograms of gold, a promise that investigators say he never intended to fulfil.
In a second charge, the accused allegedly obtained the same amount over several months, claiming he was capable of providing the gold under similar pretences.
The Deals That Never Delivered
Police records reveal that Odek had entered two separate agreements with the complainant. In February 2024, the victim was promised 500 kilograms of gold. When that deal failed, a second agreement was signed for an additional 5,080 kilograms, priced at USD 40,000 per kilogram.
The accused reportedly asked the victim to cover expenses such as jet chartering, taxes, and insurance. Despite these payments, the gold was never delivered. To sustain the illusion, Odek reportedly provided 20 kilograms of fake gold bars as collateral.
Awaiting the Court’s Decision
The court has deferred its decision on whether the accused will be granted bond until Tuesday. Meanwhile, investigations continue, with authorities urging caution in high-value transactions involving unverified sellers.
This case highlights the persistent threat of fraudulent gold dealings in Kenya, an issue that has drawn both local and international attention.