Fraud –Police have managed to nab eight young men living a wealth lifestyle from fraudulent activities.
In a detailed DCi report, aged between 24 and 30 and living in Nukuru and Trans Nzoia counties, the young men have been siphoning money from a mobile lender amounting into millions.
Directorate of Criminal Investigation DCI confirmed that the group managed to steal atleast sh 500 million from a mobile lender.
Sleuths also uncovered that the eight had managed to register Safaricom lines which they used to effortlessly withdraw the colossal monies from popular lender.
The police further noticed that the men had luxurious cars where they bought brand new Subaru, one Mark X and a Toyota Probox plus two motorbikes.
First report of suspicious amounts of money being sent to some individuals was made last year August when the investigators were immediately sent to monitor their movements.
“Detectives began investigations after a report was filled to the Banking Fraud Investigations Unit (BFIU) in August 2022, after the managers of the fund detected an unusual spike in mobile loan uptakes that were way above their performance scale and the borrowers were not repaying the loans.
“According to sleuths from BFIU, over 123,000 new mobile phone numbers opted into mobile loans and took up loans in January 2022. Thereafter, the SIM cards were either fraudulently vacated or switched off and efforts to reach the customers turned futile,” DCI stated in his final report.
They allegedly had access to the National Registration Bureau database where they developed fake identity numbers used in the high-profile fraud game.
Additionally, the eight devised a way of borrowing money from the lender, repaid but when they hit a certain level of limit they would borrow colossal figures and switch of their lines.
Some of the SIM Card lines were registered as money agents where the borrowed money would be hidden as a float.
During the well calculated arrest, police retrieved a total of 14 phones, six laptops, over 40 mobile phones, seven routers, assorted sim cards, and over 1000 sim card registration forms.
Additionally, the detectives found with them over 200 ATM cards from all major banks, and car agreements among other exhibits.
They will be arraigned in court.
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