Emerging details have revealed that controversial businessman Jared Otieno allegedly defrauded another victim in a separate fake gold deal.

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The latter is one of the suspects in the ongoing Sh400 million fake gold scandal, allegedly involving local dealers, popular politicians and the Dubai royal family.

It has now emerged that Otieno, who has been in police custody since late last week, defrauded a Laos national another Sh300 million while posing as a genuine gold dealer.

The latter is said to have obtained 3 million dollars from one Sounthorng Chantanvong as payment for the gold at Kaputei Gardens, between February 8 and February 25.

Chantanvong is the Director of Laos company Simoung Group.

While appearing before Chief Magistrate Francis Andayi, the prosecution charged the suspect with parading heavy boxes of fake gold, passing them as genuine metal.

The judge directed that the accused and his 12 co-accused be held until May 27, pending the hearing of their bail request.

Meanwhile, the Directorate of Criminal Investigations has since taken over the case which also involves another controversial politician-cum-businessman Zaheer Jhanda.

Names of President Uhuru Kenyatta, Orange Democratic Movement (ODM) leader Raila Odinga and Interior Cabinet Secretary Fred Matiang'i have also been dragged into the saga.