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Exposed: How Real Estate Guru Gideon Magu is Conning Gulllible Kenyans

Gullible and unsuspecting Kenyans are losing millions of shillings to real estate con Gideon Magu alias Keeru Ngugi Mucheru who has consistently bragged that he is well connected to President William Ruto and Trade Cabinet Secretary Moses Kuria.

Documents in our possession paint a clear picture of how Magu is using NMK Capital  Investment Limited and another affiliate company called Bidsworth Auto-Rent Company to steal millions from Kenyans.

Magu has huge networks within the police force, judiciary and politicians engaged in money laundering.

His main targets are rich pastors, bishops and teachers who are eager to invest in projects that come with huge returns within a short period.

A case in point is where he duped a man by the name Joseph Muli Kalavi Ksh 2million as an investment.
The deal was signed on 3rd March,2023 and was to expire at the end of August 2023.

It was signed between NMK Investments Limited/Bidsworth  Auto-Rent Company and Joseph Muli Kalavi in what is described as a fractional investment agreement.

The was to pay the investor Ksh 4,022,714 as fractional share investment principal amount plus  interest for five months.

It was overseen by MAOSA and Co. Advocates in Nairobi but a thorough analysis of the whole agreement highlights a well-choreographed plan that gives the investor unfavorable options in case they want to withdraw.

Part of the agreement reads ”In the absence of formal notice from the investor, it shall be construed by the company that the agreement is subject to extension for another period of six months,”

The company was to pay the investor monthly fractional share profit. However, by way of an application in writing the Investor is allowed to opt and/or may be at liberty to terminate/cancel or withdraw from the contract before the expiry of the six months.

The above inclusions are designed to win the confidence and trust of the investor without creating any suspicions.

But to withdraw, an investor has to forfeit 15% of the principal amount of the investment made.

Our investigations indicate that Bidsworth Auto rent  is engaged in money laundering and has proxy operations in Seychelles and Uganda.

A number of investors who have been duped into the scheme are now planning a major demonstration and will be issuing a special statement to State House and the DCI Headquarters.

 One woman who knew about the company through the husband fell into the plan, took a loan worth millions and invested in it. She would later learn that she had been conned.

The company uses a bishop working with it to lure unsuspecting church leaders who want quick fixes. The church leaders end up investing all their church collections and end up being conned.

Exposed Mwangi’s shrewd but deceptive operations are now well known and some politicians within the Kenya Kwanza government are planning his arrest. Some have had their relatives conned.

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One response to “Exposed: How Real Estate Guru Gideon Magu is Conning Gulllible Kenyans”

  1. Judith auma Avatar
    Judith auma

    I was among those that were lured into the investment,it has been hell

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