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Two arrested for defrauding investor Shs 1 billion in gold scam

A joint anti-corruption unit and the police have this afternoon arrested and arraigned two suspects, Mugisha James Jeff and Maviri Godfrey, before the KCCA Chief Magistrates Court for defrauding a Korean investor.

The accused were charged with obtaining money by false pretense and conspiracy to commit a felony. They have been remanded until October 25th, 2023. It is alleged that between August and November 2021, a Korean investor, Hyun Uk Kim, was defrauded of over USD 300,000 (three hundred thousand dollars) in a 53-kg gold scam in Kampala. The investor was introduced to the deal by Mugisha, who knew the alleged gold seller, who is still at large.

During all interactions, Maviri Godfrey was always in the company of the gold ‘seller’.

Investigations into the matter are still ongoing.

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