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@kfm Wed, 17 Jan 2024 04:25:26

Court orders immediate arrest of Chinese investor 

Court has directed the immediate arrest of Mr Zhang Jun, a Chinese investor who is on the run for dubiously registering a multi-billion company. Zhang Jun is jointly charged with fellow businessman Hu Zheheng who was yesterday granted a cash bail of Shs3 million and his passport was confiscated by Court as a security to ensure his return whenever needed. According to the document signed by Buganda Road Court Chief Magistrate Ronald Kayizzi, police are ordered to arrest Zhang Jun and produce him before the Court on February 12, 2024, to answer the charges of obtaining registration and conspiracy to commit a felony. These investors are fighting the ownership of a multi-billion concrete electric pole manufacturing company. Chen Chao, the […]

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