Gold dealer remanded in sh2b fraud case

By Vision Reporter

Added 17th December 2012 07:53 PM

A suspect in a fraud case involving a sh2b gold transaction has been remanded to Luzira prison after his bail was cancelled.

2012 12largeimg217 dec 2012 165306750 703x422

By Edward Anyoli      

A suspect in a fraud case involving a sh2b gold transaction has been remanded to Luzira prison after his bail was cancelled.

 The deputy registrar of the High Court Isaac Muwata Monday remanded Edward Muwawu until December 20, when he will appear in court.

Muwawu was arrested at his home in Masaka following a warrant of arrest that had been issued by Justice Lameck Mukasa after he failed to appear in court and he had been in hiding close to a month.

Principal state attorney David Ndamurani told court that Muwawu should not be the beneficiary of bail after he abused the process and asked the court to cancel his bail.

Muwata agreed with the state saying Muwawu should remain in custody where he cannot abscond his trial.

Ndamurani said the complaints have been travelling from Denmark to testify but the accused has been deliberately delaying the trail by absconding court proceedings.

Muwawu, a gold dealer is accused of defrauding Carstine Jespersten and his wife Leaty Byesenje Ssebowa in a botched gold transaction.

Muwawu is indicted for obtaining money by false pretence claiming that he was going to sell gold to Ssebowa and Jespersten between December 2010 and December 2011.

Muwawu was introduced to the complainants  by a man only identified as  Egesa also  a gold dealer, thereafter they met at his(Muwawu) home in Nalya before proceeding to Masaka to see the gold. On reaching Masaka, Muwawu went to his shrine and brought a wooden box said to have contained 70 kilogrammes of gold.

When Ssebowa and Jespersten wanted to verify whether it was genuine gold, Muwawu refused saying they should not doubt the authenticity of the gold.  The complainants returned to Kampala without finalising the transaction but the accused continued calling them to fanalise the transaction.

The complainants again went to Muwawu’s home and negotiated the business and agreed that they would buy 25 kilogrammes of gold at sh520, 000 per kilogramme and the accused agreed to deliver the gold in Brussels.

Muwawu also demanded that taxes be paid before the gold is transported, sh2b was allegedly paid to Muwawu without the gold being delivered.

Gold dealer remanded in sh2b fraud case

More From The Author

Information Currently Unavailable