The State House Anti-Corruption Unit (SH-ACU), in collaboration with the Criminal Investigations Directorate (CID) and the Office of the Director of Public Prosecutions (ODPP), has arraigned a Sudanese national before the Buganda Road Chief Magistrates Court over a gold scam involving over USD 650,000 (UGX 2.3 billion).
The accused, Abdul Aziz Yousif Mohammad Adam, also known as Aziz, was charged with obtaining money by false pretense and subsequently remanded until 28th November 2024.
Court heard that in the months of September and October 2024, Aziz and others still at large, with intent to defraud, obtained USD 650,000 from Mr. Osman Hussan, an investor from Dubai. The accused falsely claimed that they were in position to sell gold to him, whereas not.
This case adds to a growing number of gold-related fraud schemes targeting unsuspecting investors. The State House Anti-Corruption Unit, working with partner agencies, has pledged to continue cracking down on such fraudulent networks to protect both local and foreign investors.