Detectives from the Operations Support Unit have confirmed the arrest of David Onyango Ochanda in connection with a gold scam that cost an American investor USD 225,968.64, the equivalent of about KSh 29.3 million.
According to the Directorate of Criminal Investigations, the case dates back to April 3, 2024, when the investor travelled to Kenya to finalize what he believed was a legitimate deal involving the purchase of 3,370 kilograms of gold.
The DCI explained that the investor was received at an office located at Gate 53, Chalbi Drive in Lavington, Nairobi, where a Sales and Purchase Agreement was signed.
To strengthen the illusion of authenticity, the investor was shown a smelting process at the seller’s agent’s office, a demonstration meant to make him believe the gold was genuine and ready for shipment.
This step was crucial in convincing the investor that the deal was safe and trustworthy.
On April 25, 2024, the DCI noted, the investor was introduced to Toureg Insurance Brokers Limited, a company allegedly tasked with providing insurance for the gold during transportation.
The contact person was David Onyango Ochanda, who presented himself as a key figure in the process.
An addendum was added to the initial agreement to include insurance charges, and soon after, an invoice amounting to USD 226,012.76 was issued under the company’s name.
Believing everything to be in order, the investor wired USD 225,968.64 on April 29, 2024, to the bank account belonging to Toureg Insurance Brokers Limited. However, no gold was ever delivered.
After realizing the transaction was fraudulent, the matter was reported to the authorities, leading to a detailed investigation by the DCI.
Following months of monitoring and gathering evidence, detectives carried out a coordinated operation that led to the arrest of Ochanda on August 15, 2025.
The DCI confirmed that Ochanda is the director of Toureg Insurance Brokers Limited and the signatory to the bank account that received the funds.
His arrest marks a major step in addressing the scam that had been under investigation for over a year.
The DCI has stated that Ochanda is currently in custody and is undergoing standard processing procedures.
He is set to be arraigned in court on Monday, August 18, 2025, where he will face charges linked to the fraudulent gold deal.
According to the agency, the case is part of ongoing efforts to tackle organized financial crimes and scams that often target unsuspecting investors.
The DCI has reiterated its commitment to following such cases to completion and ensuring that suspects are held accountable through legal channels.
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