By Kizito Dalton Lawrence, a Ugandan businessman, has been charged and remanded over allegations of defrauding an American investor of USD 105,000 in a fake gold deal.
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Kizito appeared before the KCCA Grade 1 Magistrates’ Court on Wednesday and was charged with obtaining money by false pretenses and conspiracy to defraud, following investigations led by the Anti-Corruption Unit, in collaboration with the Criminal Investigations Directorate (CID) and the Office of the Director of Public Prosecutions (ODPP).
The prosecution alleges that between February and June 2024, Kizito—together with accomplices still at large—misled the foreign investor into believing he would be supplied with 20 kilograms of pure gold, a claim prosecutors say was false and fraudulent.
The court heard that the investor wired the funds based on falsified documentation and promises, only to later discover that the gold did not exist.
Kizito was remanded to prison until July 9, 2025, as investigations continue and efforts are made to apprehend his co-conspirators.
Authorities have warned that fraud cases involving fake mineral deals are on the rise and urged both local and foreign investors to conduct thorough due diligence when engaging in high-value transactions.
