Two arrested for defrauding Korean Investor UGX 1 billion in fake Gold scam

The State House Anti Corruption Unit and Uganda Police have arrested and arraigned two suspects; Mugisha James Jeff and Maviri Godfrey before the KCCA Chief Magistrates Court for defrauding a Korean Investor.

The State House Anti Corruption Unit and Uganda Police have arrested and arraigned two suspects; Mugisha James Jeff and Maviri Godfrey before the KCCA Chief Magistrates Court for defrauding a Korean Investor.

The accused were charged with obtaining money by false pretense and conspiracy to commit a felony.

They have been remanded until 25th October 2023. It is alleged that between August and November 2021, a Korean investor, Hyun Uk Kim was defrauded over USD300,000 (Three hundred thousand dollars) in a 53kg gold scam in Kampala.

The investor was introduced to the deal by Mugisha James Jeff who knew the alleged gold seller who is still at large. During all interactions, Maviri Godfrey was always in the company of the gold ‘seller’.

Investigations into the matter are still ongoing.

WINNIE NAKAMATTE | REPORTER: