Lending

4 arrested for stealing tens of millions of shillings below fraudulent mortgage scheme – Nairobi Information

4 younger males are being held by police on suspicion of defrauding tens of millions of unsuspecting Kenyan shillings below the pretext that they might facilitate entry to loans from the Uwezo Funds.

In keeping with the Prison Investigations Directorate (DCI), the suspects arrange an internet site just like that of the Uwezo Fund, uwezofund.org, and used the identify of First Girl Margaret Kenyatta to trick their victims into sending Sh500 as prices for utility for mortgage processing.

The 4 suspects arrested on Friday have been recognized as Collins Kiptanui, Joakim Kibet, Domnic Kimutai and Brian Kiplagat.

They’re all from Nandi County however have been arrested in Roysambu, Nairobi. DCI stated the 4 suspects are at the moment in authorized custody and will probably be delivered to justice on Monday.

On the web site, the 4 declare to have offered private loans of as much as 100,000 shillings to greater than 600,000 individuals in Kenya with a variety of cost choices.

“The accredited quantity will probably be despatched through MPESA inside half-hour of the request. This quantity is predicated in your credit score historical past in addition to your use of Cellular Cash companies like MPESA, ”the positioning provides.

PHOTO | COURTESY

It even consists of alleged testimony from Chief Administrative Secretary for Civil Service and Youth Rachel Shebesh and two former alleged beneficiaries to assist their plan.

Members of the general public first voiced their complaints concerning the fraudulent scheme in July after studying a few Fb web page purporting to challenge loans on behalf of the federal government.

FALSE WEBSITE

Fb advertisements on the web page titled ‘Uwezo Fund On-line Loans’ have been all the time accompanied by photographs of First Girl Margaret Kenyatta posing with Ms Rachel Ruto, the vp’s spouse, in an obvious try to realize legitimacy.

It additionally used the brand of the Youth Enterprise Improvement Fund (YEDF).

“Uwezo Fund Kenya, in partnership with Youth Enterprise Fund, has launched a fund that provides you entry to fast and handy interest-free loans on your M-Pesa. Younger individuals, men and women in any a part of the nation will profit, ”learn a publish on the web site.

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