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Agnes Kagure’s business partner Money Bior on DCI radar over multi-million scam

Life around certain political figures in Kenya often takes unexpected turns, and the story of Robert Riaga, known widely as Money Bior, is one example of how a public image can crumble once serious questions begin to surface.

His recent appearance in the news, especially after his loss in the Kasipul by-election, has brought him back into public conversation, but not for reasons any leader would want.

His name has been tied to a Ksh 500 million scam targeting an American investor, and the DCI is now piecing together how the scheme was planned, who was involved, and where the money went.

For years, Riaga has been a familiar face in both political and social spaces. His lifestyle often drew attention: expensive vehicles, bright outfits, gold-topped walking canes, and gatherings in expensive hotels.

Many people saw him as someone who enjoyed showing wealth more than explaining how he made it. Behind these displays, however, were long-standing allegations. Social media posts, blogs, and earlier reports had already linked him to fraud activities, including fake money rackets and gold scams.

There were also claims from people who said he operated with groups that preyed on unsuspecting victims in busy parts of Nairobi, especially in Westlands. These stories painted him as someone whose reputation was stained long before he attempted to enter active politics.

The latest case appears to be the most serious one yet. It involves an American investor, Charles Blake Stringer, who believed he was securing a large loan for agricultural investment in Africa.

Riaga and his associates allegedly created the illusion of a legitimate loan deal through organised video calls, convincing documents, and a fake insurance agency.

Stringer ended up paying a huge amount of money for what he thought were necessary policies and legal processes. Once the promised loan failed to appear, he realised he had been tricked.

That discovery pushed him to report the matter to authorities, leading to DCI obtaining court orders to search offices linked to those involved.

Several individuals connected to Riaga were named, showing the scheme was not the work of one man but a coordinated group.

Another aspect that keeps raising eyebrows is Riaga’s political relationships. His close association with businesswoman-turned-politician Agnes Kagure adds another layer to the concerns surrounding him.

Kagure herself has been mentioned in past land disputes and cases involving claims of fraud. Their connection has led many to believe they move within networks where influence and dishonest dealings mix, creating opportunities for schemes targeting wealthy investors, especially foreigners unfamiliar with Kenya’s political scene.

Riaga’s attempt to enter Parliament also turned out to be a major disappointment for him. Despite spending heavily during his campaign, using helicopters and displaying his wealth to impress voters, the results did not favour him.

His fourth-place finish with just 519 votes was a sharp contrast to the confidence he had shown throughout the campaign period.

After the loss, reports emerged claiming he lashed out at his own team, accusing them of failing him. He denied those accusations, insisting that they were malicious attempts to damage his reputation before the 2027 elections.

The unfolding events around Money Bior reveal a deeper challenge in Kenyan politics, the blurred line between flashy status and genuine leadership. When questionable wealth and political ambition mix, the public is left wondering how many more such stories remain hidden behind polished appearances.

Riaga faces both public judgment and a DCI investigation that could determine how his future unfolds.