Kenyan authorities are seeking to have a suspect who fled to the US after defrauding investors out of millions of shillings extradited to face charges in Nairobi.
29-year-old Joshua Muthee Kiura was allegedly posing as an online forex broker and promised investors huge returns on their investments, Daily Nation reports.
Those who invested above Sh1 million were assured of returns of up to 10 percent per month and eight percent on anything between Sh100,000 and Sh1 million.
Kenya’s Directorate of Criminal Investigations (DCI) is in the process of obtaining a warrant of arrest against Muthee before contacting US authorities to request his extradition.
DCI head George Kinoti said the process delayed after the Judiciary suspended some services such as the execution of warrants of arrest due to the Covid-19 pandemic. Court services were scaled down in April as part of the measures to contain the spread of the virus.
“The investigation file is ready. Once we obtain the warrant of arrest we shall also be contacting the US authorities as guided by the Mutual Legal Assistance Treaty to bring him back to face charges,” said Kinoti.
Muthee allegedly told his sister that he was going to live with friends in Alabama, according to the DCI. His sister told investigators that the last time she spoke to him he said he was planning to relocate to Washington, DC.
Through the scheme, Muthee is said to have falsely obtained millions of shillings from unsuspecting investors before fleeing the country.
To lure his victims into investing more money, Muthee would ensure they receive their returns on time in the first three months.
Some of his victims; Timothy Mugunde and Japheth Kaeke Musyoka, both businessmen lost over Sh10 million combined. Mugunde lost Sh2.3 while Musyoka was conned Sh9 million.
“I had resigned from my job to start a business. I handed to him all my benefits on the promise of good returns,” said Musyoka.
If extradited, Muthee will face charges of obtaining money by false pretenses and conducting online forex brokerage services without a license.
DCI are only concentrate on…
DCI are only concentrate on easy pick fruits…..yet the big shots of the Govt have Billions of dollar invested abroad which were initialed looted and that game is still on.
Soon Kitoni and Haji will be listed as one of Billionaires in Kenya or Africa
It’s all a farce. This guy…
It’s all a farce. This guy is safe if he can part with some of the loot.
He better not. Thaws popos…
He better not. Thaws popos already have enough of pocketing from Wananchi “not wearing Corona masks”. Virusi-vya-Kirauni-19 vimewahonga kwelikweli.
Not fair, this guy needs to…
Not fair, this guy needs to pay back because this is not government money, but peoples life savings.
Talk of peoples or…
Talk of peoples or government money? There’s no government money my friend. All monies belong to the people.
All money is people’s money…
All money is people’s money. The difference is only that only a few individuals were stolen from by Joshua. If Gakuyo and other fraudsters are still free, I fail to understand what DCI is about. There are so many well known thieves driving down our streets. The DCI know them but they turn a blind eye to them. If we are not serious rooting out corruption, just going after one guy will not solve anything. Start from Nairobi before you go Washington.
Uhuru, Raila, Ruto, Waiguru,…
Uhuru, Raila, Ruto, Waiguru, multiple senators,
MPS, JUDGES ,Top Government OFFICIALS ..
COME ON KINOTI….GET THOSE FIRST..
And when is the DCI gonna…
And when is the DCI gonna pursue all the money DP Ruto has stolen and stashed in foreign banks? Weston hotel is still standing on stolen public land! When are Kenyans going to get that piece of land back?
The guy in the US should be extradited back to Kenya to answer all the charges regarding the money he stole from hard working people.
Only in Kenya if with tht…
Only in Kenya if with tht stolen money atahongana and be Scot free
Its time Kenyans should…
Its time Kenyans should invest in financial education. People people put easy-profits first yet they’ve got to enough knowledge concerning the investments they’re throwing their cash in. This is how many end up getting conned. The one with financial education will invest 50k and reap high profits but the one with 2+million with no proper financial education end up investing in scum investments only to lose their money.
Joshua Muthee Kuira; is from…
Joshua Muthee Kuira; is from which tribe? Anything with these goons, count me out including kenyan organizations in diaspora. Thieves!