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Retired teacher loses Sh7.6 million in alleged fake gold investment scam under DCI investigation. [File Courtesy]

A retired teacher lost a staggering Sh7.6 million in what the Directorate of Criminal Investigations (DCI) says was a fake gold deal.

The victim, identified as Grake Kinya Kiruki, thought she had struck a deal that was going to make her millions richer, but ended up millions poorer in the end.

According to the DCI, Ms Kiruki, 61, was allegedly a victim of a sophisticated fake-gold investment scheme after being attracted by what initially appeared to be a promise of 'massive returns'.