foreign exchange fraud kenya Stories

Ex-Capital Markets Authority chairman charged with Sh102 million fraud
Ex-Capital Markets Authority chairman charged with Sh102 million fraud
Joseph Ndunda  |  Jan 31, 2025

Nesbit, a former Kenya Private Sector Alliance (KEPSA) chairman is accused of colluding with Boytorun Mehment Bulent and a company they co-own to defr...

Covid-19 fraud mastermind Mukhtar Shariff sentenced to 17 years in prison
Covid-19 fraud mastermind Mukhtar Shariff sentenced to 17 years in prison
Abdirahman Khalif  |  Jan 25, 2025

The sentencing marks one of the harshest penalties handed down in connection with the $250 million "Feeding Our Future" fraud case.

How two businessmen were conned out of Sh20.4 million in fake dollars deal
How two businessmen were conned out of Sh20.4 million in fake dollars deal
Joseph Ndunda  |  Apr 16, 2024

They are accussed of defrauding the businessmen by claiming they could sell them US dollars at an exchange rate of Sh120.

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