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Ugandan Businessman Remanded Over $105,000 Gold Scam Involving American Investor

Kampala, Uganda – In a joint operation by the Criminal Investigations Directorate ,the Office of the Director of Public Prosecutions and the Anti-Corruption Unit ,businessman Kizito Dalton Lawrence has been arraigned before the KCCA Grade 1 Magistrates’ Court on charges of obtaining money by false pretense and conspiracy to defraud.


The prosecution alleges that between February and June 2024,Kizito, along with accomplices still at large, defrauded an American investor of USD 105,000 under the false pretense of supplying 20 kilograms of pure gold,a deal that turned out to be non-existent.  


After a thorough investigation by the CID and ODPP,Kizito was arrested and charged. The court has remanded him until July 9, 2025 as investigations continue to apprehend his alleged co-conspirators.  


This case highlights the ongoing efforts by Ugandan authorities to combat fraudulent investment schemes targeting foreign investors. The Anti-Graft Unit has warned the public against engaging in suspicious business deals and urged victims of fraud to report to law enforcement.  

More updates to follow as the case progresses.

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