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	<title>Asianic Limited fraud Archives - Insider Bits News</title>
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	<title>Asianic Limited fraud Archives - Insider Bits News</title>
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		<title>Man Charged in Nairobi Court Over Sh38M Fake Gold Scam</title>
		<link>https://insiderbits.co.ke/news/nairobi-man-charged-sh38m-fake-gold-scam/</link>
		
		<dc:creator><![CDATA[IB Reporter]]></dc:creator>
		<pubDate>Mon, 14 Jul 2025 18:21:54 +0000</pubDate>
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		<category><![CDATA[Asianic Limited fraud]]></category>
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		<category><![CDATA[Orao Shikalo gold charges]]></category>
		<guid isPermaLink="false">https://insiderbits.co.ke/?p=3317</guid>

					<description><![CDATA[<p>A middle-aged man was on Monday arraigned before a Nairobi court, accused of defrauding a foreign company of USD 265,200 (approximately KSh38.1 million) in a bogus gold transaction involving 580 kilograms of non-existent gold. Orao Shikalo, also known as Vincent Oloa Wanton, appeared before Milimani Principal Magistrate Benmark Ekhubi, where he denied two criminal charges [&#8230;]</p>
<p>The post <a href="https://insiderbits.co.ke/news/nairobi-man-charged-sh38m-fake-gold-scam/">Man Charged in Nairobi Court Over Sh38M Fake Gold Scam</a> appeared first on <a href="https://insiderbits.co.ke">Insider Bits News</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>A middle-aged man was on Monday arraigned before a Nairobi court, accused of defrauding a foreign company of USD 265,200 (approximately KSh38.1 million) in a bogus gold transaction involving 580 kilograms of non-existent gold.</p>
<p>Orao Shikalo, also known as Vincent Oloa Wanton, appeared before Milimani Principal Magistrate Benmark Ekhubi, where he denied two criminal charges of conspiracy to commit a felony and obtaining money by false pretenses from a foreign firm, Asianic Limited.</p>
<p>According to the charge sheet, Shikalo and others, some already before court, are alleged to have conspired between February 1 and August 2, 2024, to defraud the company by falsely claiming they could supply 580 kg of gold, despite knowing this to be untrue.</p>
<p>“On diverse dates between February 1, 2024, and August 2, 2024, at Nairobi City County, jointly with another already arraigned before court, conspired to commit a felony namely stealing a sum of 265,200 US dollars&#8230; by falsely pretending that you were in a position to sell 580 kilograms of gold,” the charge sheet read in part.</p>
<p>In a second count, the prosecution stated that between February 1 and August 2, 2025, within Nairobi County, the accused again obtained the money under false pretenses, continuing the fraudulent claim about the gold sale.</p>
<p>Shikalo pleaded for lenient bail terms, telling the court he was unemployed and the sole caregiver to his ailing mother.</p>
<p>The Office of the Director of Public Prosecutions (ODPP) did not object to his release on bond, referencing his co-accused who had previously been granted cash bail of KSh800,000 or a KSh3 million bond.</p>
<p>Magistrate Ekhubi agreed to the request and ordered Shikalo’s release under the same bail terms.</p>
<p>The court also directed that the matter be transferred to Court 7 for consolidation with related files.</p>
<p>The case will be mentioned on July 28, 2025.</p>
<p>The post <a href="https://insiderbits.co.ke/news/nairobi-man-charged-sh38m-fake-gold-scam/">Man Charged in Nairobi Court Over Sh38M Fake Gold Scam</a> appeared first on <a href="https://insiderbits.co.ke">Insider Bits News</a>.</p>
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