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@matookerepublic Wed, 22 Apr 2026 01:35:27

Businessman remanded over Shs13 billion fake gold scam

Businessman Muhammad Ali has been remanded until May 5, 2026, over allegations of theft and cheating in a suspected fake gold deal worth USD 3.5 million (about Shs13 billion). According to court documents, the suspect—who was working as a manager at Duck Hunters Security Company—alongside others still at large, is accused of defrauding Dubai-based investors The post Businessman remanded over Shs13 billion fake gold scam first appeared on Matooke Republic.

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