Euro Gold Refinery boss released on police bond over s
Benard Feni, the CEO of Euro Gold Refinery, has been released on a police bond following his arrest regarding a $3.5 million gold scam. The case involves allegations of fraud against Dubai-based investors and has drawn attention from high-level Ugandan government officials.
Why it matters
The case highlights ongoing issues with gold-related fraud in Uganda and the involvement of security personnel in high-profile criminal investigations.
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Euro Gold Refinery boss released on police bond over sh13b gold scam
New Vision online has learnt that Feni was released on Friday, October 2, 2026, alongside another suspect, only identified as Agaba, a forex handler who reportedly initiated payments to the suspects from the victim’s dollar wallet account.
Euro Gold Refinery Chief Executive Officer Benard Feni. (Courtesy photo)
Euro Gold Refinery Chief Executive Officer Benard Feni has been released on police bond following his arrest over a gold scam in which a Dubai-based investor lost sh13b.
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