Billionaire Steve Mbogo In Court Over Sh100m Gold Scam


Flamboyant city politician Steve Mbogo was arraigned before Milimani Senior Principal Magistrate Peter Ooko on Tuesday January 23, in connection to a scam where a Dubai businessman was conned $1 million (Sh102.5 million).

The prosecution requested that the accused be detained as they concluded investigations, however, the magistrate declined to issue the orders noting that the prosecution did not have compelling reasons to hold the accused.

The former Starehe Constituency MP aspirant appeared in court alongside two others; Rashid Ishmael and James Kinyanjui. The three are accused of fraudulently obtaining the money from a UAE national, Sayeed Mohammed Altaf.

Sayeed filed a complaint on January 17, 2018 saying that he was duped of the millions by the suspects after he was introduced to a business deal that was alleged to involve the sale of gold.

The affidavit indicates that the police commenced investigations thereafter and arrested the politician alongside his co-accused in Parklands on January 22, 2018.

Police are said to have recovered more than 100 gold imitation cubes that they will forward to the Geology unit for further analysis.

Mbogo is a politician who vied for the Starehe Constituency MP seat and lost to Jubilee’s Charles Njagua in the August polls after. He has filed a petition against Njagua’s win.

Mbogo told The Nairobian in an earlier interview that he makes his money from several businesses, but could not divulge their names, citing privacy concerns by his partners.

“I can’t tell you the names of my companies because I have partnered with others, and we have a clause on publicity regarding the company. I may be in the (news) papers in my personal capacity, but not the companies which employ more than 3,000 people and not just in Kenya,” said Mbogo, who claims his net worth is way above a billion shillings.


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