usinessman Bruno Otieno Oliende is being sought by authorities over conning a Chines businessman Sh727million in fake gold trade in forged documents.
In a report by Kahawa Tungu, the businessman Chui Bing Sung from Hong Kong approached the businessman to to procure at least 740 kilograms of gold from DRC, Tanzania, Ivory Coast and Sierra Leone through Kenya.
Through Checkmate Capital limited, Sung sought services of Oliende who introduced himself as Elijah Murenzi Maliba claiming to be a Congolese after being introduced by a fellow Chinese named Chien Hoe Yong.
“Maliba claimed to be a director and a majority shareholder of Ngeweshe Mining Company Limited, a company registered in DRC and allegedly affiliated to Ngeweshe Mining Group Limited in Kenya,” the site reported.
“Through his investigations, the first plaintiff (Chui) discovered that the third defendant (Maliba or Otieno) had falsified his DRC passport and the individual he was dealing with was a Kenyan named Bruno Otieno Oliende the owner of the account held by the interested party (Credit Bank),” said Sung in court papers.
The court heard that Sung wired $94,000 (Ksh10 million) to an account in Credit Bank registered under the name Brian Otieno Oliende. The amount was for 105 kilograms of gold from DRC, that was set to be shipped from DRC to Nairobi on July 19, 2020.
On November 10, 2020, another 350 kilograms would be shipped from DRC to Nairobi, then to Dubai to Hong Kong, through Kenyan charter company, Travelvog.
On the same day, another consignment of 50 kilograms was to be shipped through Emirates Flight EK722, accompanied by Yong.
Additionally Sung deposited $5.5 million (Ksh597 million) in 17 tranches to an escrow account at National Bank, which the trader has never “receive a refund or profit from the various investments in the gold business or any of the gold consignments from the DRC.”
Oliende has been sued alongside Jonathan Okoth Opande who was to coordinate the delivery and export of the 125 kilograms of gold from Tanzania and was paid $266,800 (Ksh28 million) in an escrow account held by Osewe Alphonce Collins Opiyo at United Bank for Africa Kenya Limited, in addition to $167,200 (Ksh18 million) to an account under the name Kenedy Anyanga at Stanbic Bank Kenya.
None of the gold consignments were delivered, according to court submissions.
The accounts of the suspects were frozen on May 27, 2021, by Justice Mbogholi Msagha and the alleged victim allowed to trace the money trail and how it was spent.
The court has ordered investigation into the accounts with a view to freze any assets bought by the money and find who benefited.