Diamond Property Merchants was listed by Bana among companies it described as being associated with pyramid schemes and alleged money-laundering scams that affected Kenyan investors. The report grouped the company with several other ventures accused of attracting members through questionable investment or money-making arrangements.
According to Bana, the schemes mentioned in its report collectively caused Kenyans to lose more than KSh 10 billion over a period of about ten years. Diamond Property Merchants was presented as one of the entities linked to this broader pattern of alleged financial losses suffered by members of the public.
The claims concerning Diamond Property Merchants are based on Bana’s reporting and should not be treated as a final legal finding unless established by a court or relevant regulatory authority. Members of the public are advised to verify investment opportunities carefully and conduct proper due diligence before committing funds.
Reported 8 May 2026
