The fake billions of money impounded at a house in Ruiru on Wednesday morning could be already in the market, suspect detectives.
The exact amount of money is yet to be established even as the police continue with the investigations.
Two people have been arrested in connection to the incident, among them being the owner of the house only identified as Mr. Munyau .
A gun, type Tiger power, was recovered in the house with some of the boxes containing the fake currency found empty.
Police report claim that the case is linked to President Uhuru Kenyatta’s call fraudsters, charged with defrauding Sameer Africa boss of Sh10 million.
The incident happened moments after the court released the seven suspects namely Joseph Waswa, Duncan Muchai, Isaac Wajekeche, William Simiyu, David Luganya, Gilbert Kirunja and Anthony Wafula on Sh200,000 bond each.
The suspects have since denied defrauding Sameer Africa finance Chief Akif Hamid of Sh10 million.
The prosecution report shows that the seven impersonated President Uhuru Kenyatta and called the Nairobi businessman demanding that he facilitates release of the Sh10 million for purchase of a piece of land at Nairobi's Milimani area.
Milimani Senior Principal Magistrate Peter Ooko heard that the caller wanted the Sameer chairman to give facilitation fees so that 'State House’ could assist in the purchase of a piece of land.
Police are still carrying out investigations into the matter, seizing a Toyota Land Cruiser, a Toyota Mark X, a Toyota Axio and a Toyota Crown in connection with the syndicate.