Four suspects are in custody for forgery of vehicle logbooks and fraudulently obtaining credit using the much coveted document. In a new crime wave that is gaining currency in the city, unscrupulous businesses men working with employees in money lending institutions have devised
a new way of defrauding unsuspecting Kenyans and financial institutions without breaking a sweat. The thugs who have turned into overnight millionaires have built a shadowy network of hard-to-trace individuals, incorporating crooked officials at the
National Transport and Safety Authority (NTSA). In a case currently being investigated by detectives based at the NTSA, the Cooperative bank of Kenya had last year financed one Gideon Kiarie, to acquire a lorry after making a deposit of Sh1.2 million.
The rest of the payment was to be settled in monthly installments of Sh166,000. The lorry was registered under Kiarie and Cooperative bank. Along the way, Kiarie experienced difficulties in remitting the monthly deposits. He looked for a buyer and they entered into
a local arrangement where the buyer was given the lorry on condition that he would be depositing the monthly installments, in Kiarie’s account, until the facility was fully serviced. But in an unfortunate twist of fate, the new owner of the truck died a few months afterwards,
before completing making the payments. Therefore, his son took over and started looking for a new buyer, since he wasn’t interested in the truck business. Unbeknownst to him and many other Kenyans, there exists a cartel targeting vehicle owners who advertise their
vehicles for sale. They approach the vehicle owners posing as genuine buyers, test drive the vehicle and when they ascertain its condition, collude with crooked NTSA officials and have the vehicle registered under their names. This is what happened to the owner of the lorry
after a man identified as Frederick Kilonzo approached him, expressed interest in the truck and wrote him two bouncing cheques worth Sh1.3Million. By the time the owner realized that the cheques could not be honoured, Kilonzo had tampered with the lorry’s tracking
system and courted new buyers. In an intricate web of fraudsters, the initial ownership details of the lorry in respect of Gideon Kiarie and Cooperative bank were also erased from the NTSA portal and replaced with others. The new owners were Frederick Kilonzo and MyCredit limited
a finance company that provides asset financing in 24 hours. The new documentation instantly earned Kilonzo a loan of Sh2.8 million from MyCredit limited. In a puzzle that detectives based at the NTSA burnt the midnight oil to unravel, Sh1.5M was immediately disbursed to Kilonzo,
even before the vehicle’s insurance details were ascertained. The detectives are still investigating who were the beneficiaries of the remaining Sh1.3 million. But what is more shocking, the lorry was auctioned by MyCredit limited at Sh4.5 million within 10 days!
In a well choreographed scheme with the assistance of a top manager identified as Patrick Kimeu Mutisya, the truck that had been insured by cooperative bank against a value of Sh6.5 million was sold for a song to one John Muigai. When he was was questioned by detectives,
Muigai said that he did not participate in any public auction but was only called and informed that there was a lorry being auctioned by Mycredit at a mouthwatering price. It is while Muigai was regularizing the vehicle’s ownership, that he shockingly learnt that the lorry
did not belong to Frederick Kilonzo and MyCredit limited as he had been made to believe. When detectives launched investigations into this high level scam, they contacted cooperative bank that had insured the lorry only for the bank to disclose that they were still the owners of
the truck and had not transferred its ownership to anyone.A search at the NTSA portal revealed that the original details of the vehicle’s ownership had been amended &replaced with Frederick Kilonzo and MyCredit limited. The detectives have since established that crooked officials
at the National Transport & Safety Authority who claim that the system was hacked into, working with brokers and unscrupulous traders, had developed new documentation for the lorry and used the fake papers to acquire the loan.
The four suspects will answer to charges of, obtaining credit by false pretences contrary to section 316(a) of the penal code, forgery contrary to section 345 as read with section 349 of the penal code, uttering a false document contrary to section 353 of penal code,
issuing of bad cheques contrary to section 316A(1)(a)(4) of the penal code and fraudulent disposition of mortgaged goods contrary to section 291as read with section 36 of the Penal Code.

#FichuakwaDCI 0800 722 203. Usiogope!

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with DCI KENYA

DCI KENYA Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @DCI_Kenya

17 Dec
Over 450 genuine motor vehicle logbooks have been recovered at a cyber cafe in Nairobi, as detectives intensify a crackdown on organized criminal gangs in the city. In yet another criminal enterprise implicating some crooked officials from the National Transport and
Safety Authority, (NTSA) motor vehicle logbooks bearing the original seals and assorted motor vehicle registration documents were recovered. Detectives acting on information received via our #FichuakwaDCI hotline, busted two men busy at work in a cyber cafe located in Ngara,
along Desai road. The cyber cafe reminiscent of a publishing house had been turned into a motor vehicle registration centre, where an application for a logbook takes a few hours before it is delivered by an insider from NTSA. The mastermind of the syndicate working in cahoots
Read 8 tweets
15 Dec
Notorious Vehicle Theft Suspect Jailed for Life! (A thread)

A man who has for the past few years made the lives of lorry drivers a living hell was yesterday sentenced to life by a Loitoktok court. Until his sentencing, Simon Muia Katuu, was the mastermind of a gang that
abducted lorry drivers before beating them senseless and driving off with their lorries to unknown destinations.
In yet another investigative piece meticulously put together by our detectives, Simon Katuu was found guilty of robbery with violence contrary to section 296 (2)
of the penal code and sent to where he belongs for life. In a ruling delivered at the Loitoktok, principal magistrate’s court, the presiding magistrate Judicaster Thuku, while handing down sentence said that the court was convinced beyond reasonable doubt that the accused
Read 17 tweets
14 Dec
A 41-year-old man was last evening rushed to a Murang’a hospital in serious condition, after he was sodomised by four young men. In the bizarre incident that left villagers of Githiagara in Kugumo, Murang’a county in shock,
the man was walking home from imbibing frothy waters with elders, when he was approached by the four, at around 1am. They immediately dragged him to a secluded area before they wrestled him to the ground and did the despicable act in turns.
After the act, they left the man who was walking from Kahethu shopping centre lying on the ground helpless. Following the beastly incident, two suspects Bernard Kamande, 25 and Erick Kimani, 21 who were positively identified by the victim have been arrested.
Read 4 tweets
14 Dec
Two armed gangsters were fatally wounded by our special agents this morning, as they attempted to commit a robbery at a supermarket in Ruaka, Kiambu county. The thugs who were armed with a cseka pistol loaded with 5 rounds of 9mm caliber, opened fire aimed at our detectives
after they declined an order to surrender. What followed was a deafening hail of fire, as the detectives drawn from the elite Special Service Unit responded with finality, killing the gun toting thugs on the spot. Seven spent cartridges were recovered from the scene.
Unfortunately, the detective leading the onslaught suffered a bullet injury in the fierce exchange of fire that brought business in the busy town to a standstill. However, the injury on his left shoulder did not stop him from leading his men in executing the mission successfully
Read 10 tweets
13 Dec
A thug killed a fellow thug in a botched robbery attempt at an engineering company, in Mukuru kwa Reuben early this morning. The thugs armed with crude weapons had gained access to David Engineering company in kwa Reuben, Makadara sub-county and encountered
the firm’s guard in his true element. This is after they scaled the firm’s perimetre wall and leapt inside. The security guard who had initially noticed two dark silhouettes jump over the perimeter, issued a warning against any further movement but the defiant thugs advanced
towards him. A struggle between the three ensued and in a classic case of the hunter becoming the hunted, one of the thugs attempted to stab Ondieki using a knife but Ondieki dashed down and the knife went straight to one of his accomplice’s eye, killing him on the spot.
Read 7 tweets
13 Dec
A 29-year-old man is nursing life threatening injuries at a city hospital, after he was found in a compromising situation with another man’s wife. The man only identified as Kangechu and the woman were having a good time, when the man of the house busted them in his bedroom at
around 4am. Before Kangechu knew what was happening, he was stabbed several times by the man whom he later learnt was the woman’s husband. A shocked Kangechu who lives in Joska recounted how he met the woman at barizi bar in Donholm at around 9pm, where they enjoyed several
rounds of drinks celebrating their newfound friendship. As one thing led to the other, they agreed to crown the night in the woman’s house.
But as they relished the moment at around 4am, the man of the house suddenly returned from a trip he had taken to Murang’a, only to be
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(