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Wednesday, September 23, 2026
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Daily Nation·Kenya·Wednesday, September 23, 2026 at 12:16 PM

Two women charged over popular QVSE ‘investment scheme’

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Billy Ogada

Two women have been charged with operating an unlicensed investment scheme and fraudulently inducing trading in securities.

Ruth Kimeu and Mary Mwangangi are accused of allegedly inducing members of the public to invest through Global Investment Group (GIG), operating under Quant Vest Stock Exchange (QVSE).

They pleaded not guilty on Wednesday at the Milimani Law Courts and were freed on Sh200,000 bond each.

Prosecutors allege that they got Kenyans to trade in securities through QVSE by publishing deceptive statements and making false promises. 

The case will be mentioned on October 7, 2026. 

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