Gold Scam Lands Kampala Businessman in Trouble

Gold Scam Lands Kampala Businessman in Trouble

The State House Anti-Corruption Unit, in collaboration with the Criminal Investigations Directorate (CID) and the Office of the Director of Public Prosecutions (ODPP), has charged Robert Mukundane, a director of Bsafe Security Systems, with multiple offences stemming from a fake gold export deal that allegedly defrauded a Kenyan investor of USD 49,500 (about UGX 190 million).

Mukundane appeared before the Makindye Chief Magistrate’s Court on Monday, facing charges of obtaining money by false pretence, forgery, uttering false documents, and conspiracy to commit a felony.

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Prosecution alleges that between March and July 2025, Mukundane and others still at large conspired to defraud Kenyan businessman Muruiki Haron Gatiji by falsely claiming they could facilitate the export of 200 kilograms of gold from Kampala to Dubai.

The accused allegedly convinced the investor to remit the funds on the pretext that the money was required to cover clearing, documentation, and export procedures. However, after receiving the money, the gold was never exported, and the suspects reportedly cut off all communication with the businessman.

According to the Anti-Corruption Unit, the case is part of ongoing efforts to dismantle fraudulent gold rackets that continue to tarnish Uganda’s reputation as a regional hub for mineral trade.

Authorities have cautioned foreign investors to verify the legitimacy of gold dealers and transactions through the Directorate of Geological Survey and Mines (DGSM) and other relevant agencies before engaging in cross-border trade.

Mukundane was remanded pending further investigations, while efforts are underway to trace his alleged accomplices.

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