Flashy CEO at The Heart of Multi-billion Scandal Finally Arrested

The Directorate of Criminal Investigations (DCI) Serious Crimes Unit detectives have today, 26th March, arrested Peter Wangai Muriithi, the founder, chairman and CEO of Goldenscape Group Limited.

Wangai is said to have lured people to invest through his company in greenhouses that were to be set up in Ol Kalou, Nyahururu and other places, and which turned out to be a fraudulent scheme.

He will be charged with obtaining money by false pretences, conspiracy to defraud, false representation, and issuing bad cheques, among other offences.

Several of his victims have recorded statements at the DCI headquarters on Kiambu Road in Nairobi.

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Early this month, DCI sleuths launched a manhunt for Wangai after a scathing expose aired on Citizen TV that revealed how he collected billions from fellow Kenyans before disappearing into thin air.

Through Goldenscape Greenhouses, Wangai lured investors to put in their cash in the project and collected billions, promising high returns in leased greenhouses that did not exist.

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The mouth-watering deal that was backed by commercials on TV that made the firm look credible saw Goldenscape Greenhouses offer contractual obligations to investors, with an assurance of a Ksh550,000 return on a Ksh320,000 investment after six months.

“The money I expected as returns from the investment would have been over Ksh7 million. That would have taken me out of poverty,” said one investor in the Goldenscape scandal.

Trouble came calling after the investors failed to receive money as promised, prompting them to file complaints with the DCI.

Citizen TV’s expose revealed that Wangai had allegedly disappeared at the beginning of the week of Monday, 2nd March.

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M Nyongesa

A Digital Journalist with over 2 years of experience in reporting politics, Business, Entertainment and Human Interest stories