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	<title>Fake Gold Archives | Daily Secrets</title>
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		<title>Businessman remanded over ugx 13b fake gold scam</title>
		<link>https://dailysecrets.net/2026/07/25/businessman-remanded-over-ugx-13b-fake-gold-scam/</link>
		
		<dc:creator><![CDATA[JAMES KABENGWA]]></dc:creator>
		<pubDate>Sat, 25 Jul 2026 12:24:56 +0000</pubDate>
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					<description><![CDATA[<p>KAMPALA. Businessman Muhammad Ali was or Friday re-arraigned and remanded to prison over fresh charges linked to a multi-billion shilling gold scam. Ali appeared before the Makindye Chief Magistrate&#8217;s Court...</p>
<p>The post <a href="https://dailysecrets.net/2026/07/25/businessman-remanded-over-ugx-13b-fake-gold-scam/">Businessman remanded over ugx 13b fake gold scam</a> appeared first on <a href="https://dailysecrets.net">Daily Secrets</a>.</p>
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										<content:encoded><![CDATA[<p>KAMPALA. Businessman Muhammad Ali was or Friday re-arraigned and remanded to prison over fresh charges linked to a multi-billion shilling gold scam.</p>
<p>Ali appeared before the Makindye Chief Magistrate&#8217;s Court where he was charged with forgery and uttering false documents. The court ordered that he be held on remand until 31st July 2026.</p>
<p>According to the State House Anti-Corruption Unit, working with CID and the ODPP, Ali allegedly presented forged documents to secure bail in an ongoing case in which he is accused of defrauding Dubai-based investors.</p>
<p>The main case involves an alleged *USD 3.5 million fraud estimated at about UGX 13 billion, disguised as a gold export deal.</p>
<p>SH-ACU further revealed that investigations have identified other individuals believed to be part of the syndicate. Those suspects are still at large, but authorities say a manhunt is underway and they will be produced in court once arrested.</p>
<p>The development is the latest in government efforts to crack down on gold-related fraud schemes targeting foreign investors.</p>
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<p>The post <a href="https://dailysecrets.net/2026/07/25/businessman-remanded-over-ugx-13b-fake-gold-scam/">Businessman remanded over ugx 13b fake gold scam</a> appeared first on <a href="https://dailysecrets.net">Daily Secrets</a>.</p>
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