Two months ago, flamboyant tycoon Jared Otieno and his co-accused Sikanda Saleh were acquitted of fraud charges in an alleged fake gold trade for lack of sufficient evidence to convict them. He has other cases on fake gold in other courts. There are several other suspects, including Zaheer Jhanda, described as a person of interest in the ongoing fake gold crackdown. “As a service, it is within our limits to crush any fake gold or cash syndicates that come up,” police spokesman Charles Owino said. According to the World Gold Council, the country had an average of just 1.76ton of gold reserves last year.

Source: The Star May 17, 2019 03:00 UTC