Two Company Directors Charged Over Ksh25 Million Karen Land Fraud

Nairobi's high-end property market is facing a rise in sophisticated land fraud schemes, leaving unsuspecting investors with losses worth millions of shillings.

Two company directors have been charged over a Ksh25 million fraud tied to a parcel of land in Karen, Nairobi.

According to the Directorate of Criminal Investigations (DCI), the pair allegedly took the money from a buyer who never received the property.

The deal dates to March 30, 2026, when the complainant agreed to buy a roughly 0.2042-hectare parcel off Comboni Crescent in Karen for Ksh45 million.The DCI established that the buyer paid Ksh25 million upfront as a deposit while waiting for the transfer process to begin.

That transfer never happened, and with the deposit already paid, the complainant decided to report the matter to the police.

Source: Kenyans.co.ke