back to top
HomeSecurityTwo Indian Gold Dealers Detained for Money Laundering, Forgery

Two Indian Gold Dealers Detained for Money Laundering, Forgery

Published on

- Advertisement -spot_img

The mineral protection unit of the Uganda police force has in its detention two Indian nationals on charges of forgery, money laundering and none payment of workers, this website has learnt.

The dual Rahul Renjit and Roman John, all directors of Faru Trading Limited, gold-dealing companies based in Bugolobi also face charges of operating on a fake license.

A source says that given their connections, the duo was granted Police Bond but will be reporting to Police as investigations continue.

The two are members of the Gold Refinery Association and are currently battling the Export levy Tax arrears with the Uganda Revenue Authority.

It has been established that the suspects’ company uses Somalia Nationals based in a neighboring country.

Related

“Mirinda Smiles” Campaign Set to Energize Schools Nationwide

Kiromo Brand House has officially entered into a strategic partnership with Crown Beverages Limited...

High Court Upholds URA Decision, Orders Airtel to Pay Shs 1.09Bn

The Commercial Division of the High Court has ordered Airtel Uganda Limited to pay...

Former Transport Minister Eng. Monica Azuba Ntege Passes On At 72

Uganda is mourning the death of former Works and Transport Minister Eng. Monica Azuba...

Government Hands Over NRM Manifesto Evaluation Report Ahead of New Term

The Office of the President has handed over the End of Term Evaluation Report...

More from The Capital Times

Business Boom In Namugongo Ahead Of Martyrs Day

Business has picked up this morning at Namugongo Martyrs shrine according to traders. The...

Here is why the Faras Uganda is the Ultimate Convenience Mobility App for Every Ugandan

Kampala, Uganda – In a fast-paced world where time is increasingly precious, Ugandans are...

Museveni Inaugurates De Heus State Of The Art Fish Feed Factory In Njeru, Buikwe

Njeru, Jinja: De Heus Animal Nutrition, a global leader in animal feed solutions, has...