TOP
Friday,September 18,2020 02:04 AM
  • Home
  • Business
  • Cryptocurrency: Two more directors charged, remanded

Cryptocurrency: Two more directors charged, remanded

By Michael Odeng

Added 18th January 2020 11:24 PM

According to Kampala Metropolitan Police Spokesperson, Patrick Onyango, the suspects conned Ugandans money estimated at sh15b.

Cryptocurrency: Two more directors charged, remanded

Kampala Metropolitan Police Spokesperson, Patrick Onyango. Photo/File

According to Kampala Metropolitan Police Spokesperson, Patrick Onyango, the suspects conned Ugandans money estimated at sh15b.

 

CRYPTOCURRENCY

KAMPALA - Two directors of Dunamiscoin Resource Limited have been charged with obtaining money by false pretense and remanded to Luzira prisons.

Samson Lwanga and Mary Nabunya, who appeared before Law Development Center (LDC) court on Monday, are accused of fleecing unsuspecting Ugandans billions of shillings, in cryptocurrency trade.

According to Kampala Metropolitan Police Spokesperson, Patrick Onyango, the suspects conned Ugandans money estimated at sh15b.

Grade one magistrate Roseline Nsege remanded the accused to Luzira Prisons after they denied the charges. The accused also face another charge of conspiracy to defraud.

The offense of obtaining money by false pretense and conspiracy to defraud attracts a maximum sentence of over five years of imprisonment on conviction.

Last year, thousands of people, who were reportedly conned by Global Crypto Currency and DunamisCoin Company, billions of shillings, thronged Criminal Investigations Directorate (CID) and recorded statements.

However, on Friday some victims mobilised themselves to go to parliament to petition the speaker over the same matter but they were blocked by the Police.

"We told them the issue was in court but they refused to listen. They chose to use force to go to parliament but since it is a normal business day, we had to stop them," Onyango said.

Subsequently, the Police arrested two people, whom Onyango said will be charged with inciting violence.

Last year, also Nateete Court Grade one magistrate Joel Wegoye charged Global Cryptocurrency director Andrew Kaggwa with obtaining money by false pretense and remanded him to Luzira prisons.

Kaggwa, who had been held in Police custody for weeks, was charged following a complaint by the pastor of Namugona Grace Ministries' Church, John Warakira.

Warakira reportedly went to court and made a statement of fact in which he explained how he (Kaggwa) conned him and his followers of sh300m.

He asked for private prosecution through his lawyer Francis Harimwomugasho and the court issued an arrest warrant against Kaggwa and Hudson Ntende.

Related articles

More From The Author

More From The Author