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Over 10 arrested over defrauding Shs380m in fake gold deal

Security agencies have, in a joint operation, arrested a syndicate of Ugandan, Congolese and Cameroonian fake gold dealers for allegedly conning a Chinese investor a one, Star Yang (POLICE PHOTO)

KAMPALA – Security agencies have arrested a syndicate of Ugandan, Congolese and Cameroonian fake gold dealers for allegedly conning a Chinese investor.

Star Yang, a Chinese national, was lured to travel to Uganda with the prospect of buying gold. Upon reaching Uganda, he was linked to one James Byaruhanga (40) aka Governor who said he had a company which deals in gold.

Some of the fake gold the syndicate intended to sell to the Chinese national subsequent to his extorting (POLICE PHOTO)

It is alleged that Yang was showed two genuine gold bars which were subjected to test by a one Sayid Musanji, was asked to deposit 83,000 US Dollars and then promised to return on following Monday to pick up of the ready gold bar consignment.

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 US$ 100,000

UPDF Officer ask suspects, James Byaruhanga 40, a resident of Kabowa, Patrick Ndenzi 21(Congolese), Boniface Munagabe 34, and Mike Lota 43. to squat as they are paraded before the press (POLICE PHOTO)

Upon search at their premises, suspects were found in illegal possession of G4S Private security organisation uniforms, 100 kilograms of suspected fake gold, weighing scales and gold testing machines.

The suspects include; James Byaruhanga 40, a resident of Kabowa, Patrick Ndenzi 21(Congolese), Boniface Munagabe 34, Frank Ngabirano 33, Ummo Amati 38 and Mike Lota 43.

Other suspects include; Walter Adenyo, Fred Ndayi 16, John Tumukunde 20, Robert Sseguya 30, Bruce Kamugisha 33, Junior Okungi and Sayid Musanji.

The gold samples are to be taken to the Government Analytical Laboratory for testing and suspects would be charged with theft of found guilty.

The suspects are currently detained at Kabalagala Police Station pending arraignment in court of law.

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