In an ongoing gold fraud raid, the police have arrested DAVID OCHANDA ONYANGO.
The police say they have been hunting for him for a while now. He has been arrested in connection with USD 225,968.
The elaborate scheme dates back to April 3, 2024, when the unsuspecting investor jetted into the country to finalise a deal involving the purchase of 3,370 kilograms of gold.
Upon arrival, he was ushered into an office at Gate 53, Chalbi Drive in Lavington, Nairobi, where he signed a Sales and Purchase Agreement.
The investor even witnessed a smelting process at the seller’s agent’s office, an act meant to reinforce the illusion of legitimacy.
On April 25, 2024, the agent introduced the investor to Toureg Insurance Brokers Limited, allegedly tasked with insuring the gold during transit, whose contact person was David Onyango Ochanda. An addendum to the original agreement was signed to include insurance charges, and an invoice was issued for USD 226,012.76.
Four days later, the investor wired USD 225,968.64 to the company’s bank account. The gold, however, never arrived.
Today, detectives executed a coordinated operation that led to the arrest of Ochanda, director of Toureg Insurance Brokers Limited and signatory to the account that received the funds.
Ochanda is currently in custody and undergoing processing, with arraignment scheduled for Monday, August 18, 2025.
