Thirty-one suspects arrested over their alleged involvement in a Ksh. 5 million gold scam were arraigned on Thursday and released on a Kes 1.5 million cash bail or a Kes 3 million bond each.

The suspects, arrested in an operation in Nairobi’s Runda estate on Tuesday, appeared at the Milimani Law Courts, where they were charged with defrauding two Dubai-based businessmen.

In a statement, the Office of the Director of Public Prosecutions (ODPP) revealed they were charged with three counts: conspiracy to defraud, obtaining money by false pretense, and possession of papers intended to pass as genuine currency notes.

“For Count 1 & Count 3 - Each accused person admitted to a bond of Ksh.100,000, alternatively a cash bail of Kes 50,000.”

“For Count 2 - Each accused person admitted to a bond of Ksh.3 million, alternatively a cash bail of Kes 1.5 million.”

 “The 31 suspects had been arraigned yesterday where they all took a plea of ‘not guilty’ before Hon. Alego, who committed them to custody pending the determination of the bail and bond terms that she delivered today…

The case is set for mention on November 27, 2024 for pre-trial.