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Two Indian Gold Dealers Detained for Money Laundering, Forgery

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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.

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