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Directorate of Criminal Investigations (DCI) Serious Crime Unit detectives have today (Thursday) arrested Peter Wangai Muriithi, Founder, Chairman and CEO of Goldenscape Group Limited.

Mr Wangai through his company is said to have lured investors to invest in Greenhouses that were to be set up in Ol Kalou, Nyahururu and other places which turned out to be a fraudulent investment deal.

He will be charged with the offence of obtaining money by false pretenses, conspiracy to defraud, false representation, issuing bad cheques among other charges.

Several of his victims have recorded statements at the DCI Hqs.

Early this month, DCI sleuths launched a manhunt for Peter Wangai after a scathing expose aired on Citizen TV that exposed how he collected billions from Kenyans before disappearing into thin air.

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.

File image of Peter Mureithi Wangai(middle in a suit), the Founder and CEO of Goldenscape with employees of Standard Media Group on 19 August 2019
Peter Wangai (Centre) at Radio Maisha studios during a past interview. PHOTO/COURTESY

“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 expose revealed that Peter Wangai allegedly disappeared at the beginning of the week of Monday, March 2, never to be found.

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Local agribusiness company Goldenscape has merged with Silverstone Property sellers to enable investors own land in addition to leasing greenhouses.

The offer will see investors own land in prime spots in major towns in Kenya by contributing 85 per cent of Sh500,000 capital of the home through roll over from their Agribusiness returns and pay in flexible instalments.
“We decided to merge the two projects owing to the demand we have from our clients, who have enjoyed returns from the green houses,” said Goldenscape Group chairman Peter Wangai.

The company plans to launch their agribusiness model of land ownership countrywide after a successful 100- acre pilot phase in Laikipia County which started in April last year. The move comes after the firm successfully rolled out the lease a greenhouse project where more than 500 investors took up the opportunity that has seen them earn more than Sh30 million from sale of horticultural produce grown in their leased greenhouses.

Apart from greenhouse management, the firm sells the groceries on behalf of the owners, partnering with more than 3,000 grocery stores to stock and sell the produce.

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