A retired government commissioner is among several Ugandans who have lost hefty sums of money in bogus savings and investment schemes.

Charles Twine, the spokesperson of the Criminal Investigations Directorate (CID) at the Uganda Police, said the commissioner, on top of losing the sh300m gratuity, went on to sell his house at Bugoloobi in Kampala at over sh1.7b and invested more sh400m in the purported scam with Global Digital Currency.

The company, Twine said, is being investigated over the alleged fraud where Ugandans purportedly lost more than sh34b in fake savings and investments.

“For example, we are dealing with one case where a retired commissioner in government did not only lose his gratuity money in the scam but also his house at Bugoloobi in Kampala,” he said.

The CID in close collaboration with Capital Markets Authority (CMA) are investigating several other organisations for allegedly defrauding Ugandans in scam saving and investments.


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