8/11/2021

How “Wash Wash” Business Runs In Kenya-Part III-The Gold Wash Wash Scam


 The Gold Wash Wash Scam

This is perhaps the most dangerous of it all , Presidents and Kings have fallen victims to this type of “Wash Wash”. The players involved are untouchable , the money involved is over Ksh500 million and the people being targeted are mostly foreigners.

These guys sell imaginary gold they mostly target Arabs and Russians who are in possession of dirty money which they want to clean and launder by buying expensive accessories. It’s a syndicate involving prominent politicians, immigration officials, police officers and flamboyant businessmen and bank officials. Now the first thing the client will ask is to see proof of the gold, don’t worry that is sorted they already have a guy at the asset depository section who will provide all the necessary documents to show the existence of the gold.

Then the guy will be lured into the country to see the physical Gold. They will pick him up in posh cars hired probably from car bazaars and drive him to a very luxurious hotel just to make the client feel safe flashy lifestyle is everything remember.

The following day they will take him to the bank where he will see the documentation and the actual gold in the safe, he will then call a professional of his own choosing to verify the authenticity of the gold and after being assured that its 100% authentic.

The client will be satisfied and make a 50% deposit of the total amount of maybe Ksh500 million then he will travel back to his home country and await for the shipment there, the client will then be told that the shipment has faced some setback and requires about Ksh80 million to bribe airport authorities and facilitate a private charter to be used to transport the merchandise the client out of desperation will do so and after a week another game will start of the gold being confiscated by the police another payment will be requested of about Ksh20 million.

The client will begin getting suspicious since so far he has paid over Ksh300 million and still they are demanding this is the part that politician comes in he will travel to the client’s country meet up with him convince him to pay the remaining Ksh200 million and in less than a week he will receive the merchandise which definitely won’t happen. The client on realizing he has been conned will jet into the country and file an official complaint with the authorities you know this will mean he will have to bribe them for swift justice.

The contact guy will be arrested and arraigned in court and a hearing date will be set in 4-5 months. The client being a foreigner will travel back to his home hoping to return after four months . By this time the contact guy will be released on a bail of not more than Ksh500,000.

After four months the client returns and this time what meets him is the shock of his life. The court session will be at around 11AM. The guy will be held at the immigration offices for improper documentation and taken in rounds until 6PM .He will fail to appear in court and that’s how the case will end plaintiff not present wasting courts time does not sit well with judges.

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