Detectives from the Directorate of Criminal Investigations (DCI) have launched a manhunt for Goldenscape CEO Peter Wangai after a scathing expose aired on Citizen TV that exposed how he collected billions from Kenyans before disappearing into thin air.
Manhunt launched for flashy CEO at the heart of multi-billion scandal after Citizen TV expose [Video]
CEO on the run after exposé revealed how he allegedly swindled investors
Through Goldenscape Greenhouses, Wangai lured investors to put in their cash in the project and collected billions, promising high returns in leased green houses that did not materialize.
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 Ksh 550,000 return on a Ksh 320,000 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," stated one investor in the Goldenscape scandal.
Trouble came calling after the investors failed to receive money as promised in the deal, prompting them to file complaints with the DCI.
Citizen TV reports that Peter Wangai allegedly disappeared at the beginning of the week of Monday, March 2, never to be found.
Friday saw DCI detectives raid his offices located along Kimathi Street, Lower Kabete and Karen.
At least 53 people who invested in the company have since filed complaints with the DCI.
Citizen TV that aired the expose was equally on the receiving end with some accusing the media house of promoting the scandal through the advertisements that convinced many to invest in the Goldenscape Greenhouses project.
"Citizen TV promoted this scam through paid commercial adverts. Citizen TV, in an editorial report, is televising a possible scam about an advert for which they were paid to advertise.
"Do your due diligence next time. Don’t be like Citizen TV," quipped Sadique Shaban.
JOIN OUR PULSE COMMUNITY!
Eyewitness? Submit your stories now via social or: