Tim Orao Shikalo
Vincent Oloa Wanton
A businessman has been charged in connection with a gold scam involving Sh38.1 million.
Tim Orao Shikalo, also known as Vincent Oloa Wanton, appeared before Milimani Principal Magistrate Benmark Ekhubi, where he pleaded not guilty to the allegations.
Shikalo, the director of Youth in Business Africa, is accused of fraudulently obtaining USD 265,200 (approximately Sh 38,188,800) from Asianic Ltd. by falsely claiming he could supply 580 kilograms of gold to the company.
The alleged offence took place in Nairobi County between February 1 and August 2, 2024. Authorities say Shikalo, acting jointly with others who are yet to be charged, misrepresented his ability to deliver the gold, knowing the claims were false.
He was granted release on a bond of Sh3 million or an alternative cash bail of Sh800,000 pending the conclusion of the gold fraud case.
