KAMPALA. Police have arrested 16 suspects, including the alleged mastermind of a fraudulent gold deal involving a Dubai-based businessman who reportedly lost US$4 million.
The suspects were arrested in a joint security operation following a complaint lodged in July 2025 by the businessman, who alleged that Asiimwe Moses and his accomplices, operating under Real Sunnex Ltd, fraudulently obtained the money from him through a fake gold transaction.
According to a police statement issued on Monday, August 31, 2026, further engagement with the complainant established that the suspects were allegedly planning to obtain another US$4 million from him using similar fraudulent claims.
Acting on the intelligence, joint security teams reportedly set a trap that resulted in the arrest of 16 suspects, including Asiimwe, who police identified as the prime suspect.
The other suspects are Mibenge Rogers, Kiwanuka Edward, Kajubi Geofrey, Songole Thiery, Ajambo Bright, Mayuku Glody Mata, Nakahosa Soleina, Masaba William, Walusimbi Joseph, Ampurire Anitah, Amani Patrick, Mugoya Christian, Kagarura Dicken, Leta Grace and Mbasa Taboma.
Police said several exhibits were recovered during the operation, including suspected fake gold, incriminating documents and eight motor vehicles allegedly used to facilitate the fraudulent activities.
The investigation has also implicated four police officers who allegedly abandoned their official duties and deployed themselves to guard the suspects at an illegal gold refinery where the fraudulent transactions were being facilitated.
The implicated officers are PC Kulutu Ayubu, PC Emorut Razak, PC Waiswa Benon and PC Waiswa Siraj.
According to police, the officers withdrew from their respective beats without authorisation and allegedly self-deployed in support of the gold fraud syndicate.
Police described the conduct as a grave breach of police discipline and professional conduct, as investigations into the alleged fraud and the conduct of the officers continue.
The arrests highlight growing security concerns surrounding fraudulent gold transactions, in which unsuspecting investors are allegedly lured with fake gold or bogus mineral deals to part with large sums of money.
Police said the investigation remains ongoing as security teams work to establish the full scope of the alleged syndicate and the roles played by the suspects and the implicated officers.
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