An international gold investor has told a Nairobi court that he transferred USD 505,000 (approximately Ksh65.37 million) to accounts belonging to Conrad Law Advocates LLP, a law firm associated with advocate Conrad Anangwe Maloba, as part of a gold transaction under investigation in an ongoing criminal case.
The investor gave the testimony on Wednesday, July 22, 2026, before Milimani Chief Magistrate’s Court, where he appeared as a prosecution witness before Principal Magistrate P.K. Mutai.
According to the witness, he met Conrad Maloba at his office on the 15th floor of the Global Trade Centre (GTC) in Nairobi before the funds were transferred.
“I met him in his office in Level 15 in the Global Trade Centre, at 1502, at Maloba Advocates office,” the witness told the court.
The court heard that the investor made two separate payments on February 13, 2026, from his account at Abu Dhabi Islamic Bank (ADIB) in Dubai, after what he described as a request from Conrad Maloba.
“That amount was paid on the 13th of February 2026,” the witness said, adding that the money was “sent from me on request of Conrad.”
The first transaction involved USD 495,000, which the witness said was deposited into an Ecobank Kenya account identified as the Conrad Law Advocates LLP Trust Account.
“The first account number was 66****80… In Ecobank Kenya and that’s Conrad Law Advocates LLP Trust Account,” he testified.
He further told the court that a second transfer of USD 10,000 was sent on the same day to a Diamond Trust Bank account belonging to Conrad Law Advocates LLP.
“It is a different account number… 071***02, and it is for Diamond Trust Bank Limited, Conrad Law Advocates LLP,” the witness stated.
SWIFT Documents Presented in Court
The investor also presented SWIFT transfer documents from Abu Dhabi Islamic Bank, saying the documents confirmed that the funds had been successfully transferred and received.
“That’s the legal document in international financial transfers. You receive a SWIFT document when the funds have been received and arrived in an account,” he told the court.
The prosecution asked the court to admit the SWIFT documents as exhibits in the case.
Gold Transaction Agreements || advocate Conrad Anangwe Maloba
The court also heard that the transfers were preceded by three agreements signed by the parties involved in the gold deal.
The witness told the court that the documents included a Sales and Purchase Agreement, as well as a Letter of Engagement for Legal Services and Funds Management signed with Conrad Law Advocates LLP.
“There were three documents that were signed. The first was a Sales and Purchase Agreement… the third agreement is a Letter of Engagement for Legal Services and Funds Management, which was signed with Conrad Law Advocates LLP,” he testified.
According to the witness, the Sales and Purchase Agreement was signed on January 19, 2026, involving Business Express Enterprises Limited, Mohammadi Faraji, and Sakina Commodities FZCO, the company he represented as a director.
He told the court that the agreement involved the supply of 600 kilograms of gold dore bars, with a 10-kilogram collateral arrangement included in the deal.
“What was agreed in this agreement is that a total consignment amount of 600 kilos, less 10 kilos of collateral, would be provided in the form of 1kg gold dore bars,” the witness said.
The hearing continues before Principal Magistrate P.K. Mutai at the Milimani Magistrate’s Court.
Note: The allegations presented in court remain part of an ongoing criminal case, and the accused persons are presumed innocent until proven guilty by a court of law.
