The Directorate of Criminal Investigations (DCI) has detailed how a Kenyan registered investment firm fleeced over 5,000 investors of their hard-earned cash in a well-choreographed scheme.

The DCI disclosed on Thursday that NMK Capital Investment Limited, masquerading as a legitimate investment entity, lured thousands of unsuspecting investors into a deceptive web, where they ultimately lost their hard-earned money.

The agency said the suspicious company believed to have been registered in the country in 2021 has seven directors, among them one Ngugi Mucheru Keeru (NMK) whom authorities identified as the sole Director and Signatory of a sister company; Bidsworth Autorents Capital Limited.

The DCI’s Serious Crime Unit said that it had received numerous complaints from victims who ventured into the scheme, laying claims that nothing is left of their thousands and millions of investment after the directors fell out and the key suspect, Keeru went into hiding.

 “In the streetwise machinations, over 5,000 investors were hoodwinked to enter into a 6 months contract with NMK with a minimum investment of Sh50,000,” the DCI said while explaining the modus operandi of the scheme.

“This would accrue a redeemable monthly interest of 15 per cent, or a similar percentage of compounded interest redeemable at the end of the contract period (6 months).”

Additionally, the company ventured into car hire services, leasing vehicles from unsuspecting members of the public and then renting them out to individuals and agencies.

Car owners reportedly received only 30 per cent of the proceeds from the company.

 The scheme also extended into off-plan property investments.

The DCI cautioned the public against engaging in any business with the two companies noting that its detectives are currently investigating them.

The agency advised Kenyans to exercise caution and due diligence before engaging in any such fraudulent ventures. By Bruhan Makong, Capital News

The Sudanese paramilitary Rapid Support Forces (RSF) rejected US sanctions Thursday that were imposed on its leader Abdel-Rahim Dagalo during the war which has continued for almost five months.

The armed group described the sanctions for human rights abuses and atrocities as selective, unfair and based on false information. It accused Washington of blinding eyes from violations committed by the Sudanese Armed Forces (SAF) during the war, including airstrikes.

The RSF warned that the US move against the group would reflect negatively on roles by Washington to mediate an end to the war.

“RSF is welcoming any efforts to stop the war, through addressing its root causes which will lead to the stabilization of the political troubles and the war,” it said. 

The US imposed sanctions Wednesday on paramilitary commander Abdel-Rahim, who is the brother of RSF leader Mohamed Hamdan Dagalo (Hemedti), for acts of violence, “including the massacre of civilians, ethnic killings, and use of sexual violence.”

The US Treasury Department’s Office of Foreign Assets Control said: “Both sides have failed to implement a ceasefire, and the RSF and allied militias have been credibly accused of extensive human rights abuses in Darfur and elsewhere,” since the war started in April. Yeni Safak

CNH Industrial is helping to progress agriculture, everywhere: bit.ly/CNH_Tanzania

Basildon, September 5, 2023 - Our new photo series depicts how CNH Industrial’s New Holland Agriculture brand is helping to revolutionize mechanized farming in Tanzania. These images capture the enthusiasm around this initiative.

Tanzania is encouraging its farmers to mechanize, both to increase productivity and improve food security. During the first few months of 2023 in support of this initiative, we delivered 200 new tractors, trained farmers how to use them, as well as created a coalition to provide access to financing. CNH Industrial is committed to putting innovation in these farmers’ hands.

CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland Agriculture supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment deliver a full lineup of construction products that make the industry more productive.

The Company’s regionally focused Brands include: STEYR, for agricultural tractors; Raven, a leader in digital agriculture, precision technology and the development of autonomous systems; Flexi-Coil, specializing in tillage and seeding systems; Miller, manufacturing application equipment; Kongskilde, providing tillage, seeding and hay & forage implements; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including electric solutions.

Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial’s 40,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world. CNH Industrial