The Directorate of Criminal Investigations (DCI) has warned kenyans about an alleged pyramid scheme, NMK Capital Investment Limited.
According to the Directorate of Criminal Investigations (DCI), NMK, headquartered at Corner House in Nairobi's city core, has amassed thousands of naive investors.
The firm is thought to have been registered in 2021 and has seven directors, including Ngugi Mucheru Keeru.
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According to the DCI, Keeru is also the sole director and signatory of a sibling firm called Bidsworth Autorents Capital Limited, which is based in the capital at Norwich Union House.
In a social media post on Thursday, the investigation agency claimed it has recently received several complaints from victims who participated in the scheme, "laying claims that nothing is left of their thousands and millions of investments after the directors fell out and [Keeru] holed up."
“Over 5,000 investors were hoodwinked to enter into a 6-month contract with NMK with a minimum investment of Sh50,000. This would accrue a redeemable monthly interest of 15% or a similar percentage of compounded interest redeemable at the end of the contract period,” said the DCI.
According to police officers, the company has also provided car rental services by leasing vehicles from unwary public members, which it then rents out to persons and agencies.
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“Car owners allegedly received 30% of the proceeds from the company. Other ventures included off-plan properties,” the DCI said.
"Eventually, investors report losing millions of dollars from investments and payments made for off-plan houses, while some who leased out their vehicles have lost track of them."
