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Six ways Kenyans are getting duped into buying fake gold

September 11, 2017 9:27 AM
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The Ministry of Mining has reported an increase in fraud cases involving gold dealings and exports in Kenya.

“Persons passing with huge quantities of gold available at discounted prices commit the fraud. Their victims have been unsuspecting Kenyans and foreign nationals,” said the Ministry in a statement. The international dimension to the fraud is giving Kenya a negative and unwelcome reputation in the world of minerals and mining.

The most fraudulent cases involve Kenyan citizens and other foreign nationals mainly operating from Nairobi.

The two companies licensed to carry out mineral dealings other than gold are Modogashe Agencies Limited and Match Electricals Limited.


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