OSU Arrests David Onyango Ochanda Over Alleged USD 225,968 Gold Deal Fraud
Detectives from the Operations Support Unit (OSU) have arrested David Onyango Ochanda in connection with an alleged gold transaction that resulted in the loss of USD 225,968.64 to an American investor.
Authorities say the investigation stems from events dating back to April 3, 2024, when the foreign investor reportedly travelled to Nairobi to finalize a deal involving 3,370 kilograms of gold.
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How the Alleged Scheme Unfolded
According to investigators, the investor was taken to offices at Gate 53, Chalbi Drive in Lavington, where he was presented with what appeared to be a formal Sales and Purchase Agreement.
Police allege that the investor was also shown a staged gold smelting demonstration intended to build credibility and reinforce the legitimacy of the transaction.
On April 25, 2024, the investor was introduced to Toureg Insurance Brokers Limited, which was presented as the entity responsible for insuring the gold consignment during transit.
Authorities claim that David Onyango Ochanda acted as the contact person and represented himself as a legitimate insurance broker.
An addendum was reportedly added to the agreement to include transit insurance, after which an invoice totaling USD 226,012.76 was issued.
Investigators say the investor subsequently transferred USD 225,968.64 to an account associated with the insurance firm.
The gold shipment, however, was never delivered.
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Arrest and Ongoing Investigations
Following months of investigation, OSU detectives arrested Ochanda, who is listed as a director of Toureg Insurance Brokers Limited and a signatory to the account that allegedly received the funds.
Police state that he remains in custody pending arraignment.
Ochanda is expected to appear in court on August 18, 2025, where he will face charges related to the alleged fraud.
Authorities have indicated that investigations are ongoing and that additional suspects may be pursued.
Broader Context
Kenya has in recent years faced increased scrutiny over fraudulent gold transactions targeting foreign investors.
Law enforcement agencies have intensified efforts to dismantle networks involved in suspected gold-related scams, which have affected the country’s international business reputation.
The arrest of Ochanda marks another development in efforts by Kenyan authorities to address alleged cross-border financial crimes.
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