A team of security officers arrested people selling what is believed to be fake gold to a Chinese investor. Some of the arrested individuals were from DR Congo and Cameroon; working with Ugandan accomplices.
The Chinese investor indentified as Star Young was lured to travel to Uganda with the prospect of buying gold. Upon arriving in the country, he was linked to one James Byaruhanga, who said he had a company which deals in gold.
“It's alleged that Yang was showed two genuine gold bars which were subjected to test by a one Sayid Musanji, he was asked to deposit 83,000 US Dollars and then promised to return on the following Monday to pick the ready gold bar consignment,” police said in a statement.
On failure to provide the investor with the agreed gold bars, he then sought for assistance from authorities and a theft report was filed against them alleging he was defrauded of 100,000 US Dollars (about Shs370m).
After searching at their premises, suspects were found in illegal possession of G4S Private security organization uniforms, 100 kilograms of suspected fake gold, weighing scales and gold testing machines.
Latest from Earth Finds
- Hoima International Airport Construction Works Now Stands At 56%
- Personal Sacrifice, Commitment, The Traits You Need To Achieve Saving Goals
- Believe In The Power Of Technology - Says Huawei Vice-President Catherine Chen ’
- Conserve Environment To Absorb Gas Emissions During Oil Mining
- Huawei Uganda Announces A New Free Virtual Artificial Intelligence Study To Accelerate Training & Upskilling Of ICT Professionals