Prime

App developer and the fake AI investment fund that pulled in Sh34m from Kenyans

DCI investigators allege the fake investment scheme drew Sh33.6 million from investors through apps posing as legitimate trading platforms on the Google Play Store and Apple App Store.

Photo credit: Shutterstock

By  Sam Kiplagat

Court Reporter

Nation Media Group

A Nairobi court has allowed the Directorate of Criminal Investigations (DCI) to detain a man accused of defrauding investors of millions of shillings through a fake online investment portal listed on the Google Play Store and Apple App Store.

By the time Dickson Ndege Nyakango was arrested on May 4, investigators said Sh33.6 million had been deposited into one of the bank accounts linked to the scheme.

Related

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. KAKUZI

    PRIME Kakuzi dealt new blow in fight over Makuyu golf course land

  2. Kenya applies for trade name for its Turkana oil, clearing hurdle for sale

  3. PRIME Hibiscus tea craze: Can it really lower blood pressure?

  4. PRIME Kenya’s diaspora inflows from Africa overtake UK, Saudi Arabia

In the headlines

View All