The Directorate of Criminal Investigations (DCI) has issued a stern warning to Kenyans regarding a suspicious pyramid scheme aimed at defrauding individuals of their hard-earned money.
In an official statement, the DCI identified the pyramid scheme as “NMK Capital Investment Limited,” operating within Nairobi County with offices at Corner House and Norwich Union House.
The owner of this scheme has been identified as Ngugi Mucheru Keeru (NMK), who also serves as the sole Director of another company known as “Bidsworth Autorents Capital Limited.”
“Lately, DCI’s Serious Crime Unit has received numerous complaints from victims who ventured into the scheme, laying claims that nothing is left of their thousands and millions of investment after the directors fell out and the key suspect (Ngugi Mucheru Keeru) holed up,” the statement by the DCI read in part.
Currently, more than 5,000 investors have been ensnared in a six-month contract with NMK, with a minimum investment requirement of Sh50,000.
According to the DCI, participants were promised a 15 percent compounded interest on their investments, which they could redeem after six months.
“The company went further to offer car hire services by leasing vehicles from unsuspecting members of the public, which it then hired out to individuals and agencies. Car owners allegedly received 30% of the proceeds from the company. Other ventures included off plan properties,” the DCI said.
However, when the six-month period elapsed, investors found themselves facing significant financial losses. Car owners who had leased their vehicles to the company were unable to locate their vehicles.
The DCI urged the public to exercise caution and conduct thorough due diligence before engaging in such ventures. Both NMK Capital Investment Limited and Bidsworth Autorents Capital Limited are currently under active investigation.
“We make calls on Kenyans to exercise caution and due diligence before engaging in any such ventures whose proprietors’ sheer greed for riches is founded on fraudulence,” the DCI further said.
