Businessman charged over alleged sh300m gold deal
A Ugandan businessman, Issa Muwonge, has been charged with obtaining money by false pretenses in a disputed gold export deal. Prosecutors allege he defrauded a foreign national of $85,300 by falsely promising to export seven kilograms of gold to Dubai.
Why it matters
This case highlights the ongoing risks of international gold trade fraud in East Africa and the legal challenges in regulating mineral exports.
News: Businessman charged over alleged sh300m gold deal
News Politics Education Health World Sports Business Tourism Blogs
Businessman charged over alleged sh300m gold deal
The prosecution alleges that Muwonge, with intent to defraud, obtained $85,300 from Mahomed Farouk, falsely pretending that he was exporting seven kilogrammes of gold to Dubai.
Accused businesman Issa Muwonge in the dock at City Hall Court in Kampala. (Photo by Barbara Kabahumuza)
A businessman has been charged with obtaining money by false pretences after allegedly receiving $85,300 (about sh300m) from a foreign national in a disputed gold export deal.
Issa Muwonge, 49, a businessman and resident of Bulindo, Kiira Municipality in Wakiso district, appeared before City Hall Senior Principal Grade One Magistrate Nicholas Aisu and denied the charges.
He is accused of obtaining money by false pretences, contrary to Section 285 of the Penal Code Act, Cap 128.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in