Court Remands Investor Fraudsters over UGX 1Billion

KCCA Chief Magistrates Court has remanded two suspects for defrauding a Korean Investor and were charged with obtaining money by false pretence and conspiracy to commit a felony.

The suspects identified as Mugisha James Jeff and Maviri Godfrey were arrested by the Staye House Anti Corruption Unit together with Uganda Police Force.

On Wednesday afternoon, the accused were arraigned before the KCCA Chief Magistrates Court and charged with obtaining money by false pretence and conspiracy to commit a felony. They were remanded until 25th October 2023.

 It is alleged that between August and November 2021, a Korean investor, Hyun Uk Kim was defrauded over USD300,000 (Three hundred thousand dollars) in a 53kg gold scam in Kampala. 

The investor was introduced to the deal by Mugisha James Jeff 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.