A 52-year-old Sudanese national, Abdul Aziz Yousif Mohammed Adam has been remanded to Luzira prison on charges of defrauding an investor ; Osman Hussan of approximately $650,000 (Shs 2.3 billion) in a sophisticated gold scam.
Aziz has appeared before Buganda Road court grade Magistrate Jalia Basajabalaba and denied one count of obtaining money by false pretence.
Prosecution states that Aziz, along with his accomplices, posed as Gold sellers, deceiving Osman into paying for non-existent Gold stored at Exxaro Minerals International Limited in Lubowa.
court has heard that the victim Osman, a Dubai-based investor, was introduced to Aziz through a relative.
Court documents further reveal that Aziz presented fake documents, including a safe-keeping receipt, to convince Osman of the Gold’s existence. Osman would later pay various sums for accommodation, Gold purchase, and smelting processes.
The scam unfolded over September and October 2024, with Aziz requesting additional funds for tax and export fees. Osman eventually discovered the theft and returned to Dubai without the gold.
Magistrate Basajabalaba remanded Aziz to Luzira Prison until November 28, pending further investigations.
