Businessman Abbas Badru Omuyoma, also known as Yuri Sande Ismael, is facing serious allegations in a high-profile Sh8.1 million gold fraud case that continues to attract public attention.
Court Postpones Hearing
The trial, initially set before Magistrate Robinson Ondieki, was postponed after he failed to appear. The case was then rescheduled to September 23 by Milimani Senior Principal Magistrate Benmark Ekhubi, who stepped in for Ondieki.
Allegations of Defrauding Belgian Investor
According to court documents, Omuyoma is accused of defrauding Belgian investor Yvan De Coninck on August 11, 2021 in Nairobi.
Prosecutors allege that Omuyoma obtained USD 54,550 (Sh8,182,500) by falsely claiming he could supply 15 kilogrammes of gold. The gold was never delivered, sparking the fraud charges.
Bail Status
Despite the serious accusations, Omuyoma remains free on cash bail as the case awaits hearing later this month.
The outcome of the trial will be closely watched, as it highlights the growing concerns over gold scams in Kenya’s minerals trade and the vulnerability of foreign investors.