Tycoon Lwasa arrested over forgery

Police in Kampala have arrested Masaka tycoon and businessman Emmanuel Lwasa Kaweesa over the forgery of documents.

This is according to Kampala Metropolitan deputy police spokesperson who said that Lwasa was arrested on Monday after forging signatures related to gold mining.

“Lwasa was arrested on April 4, 2022, at 1600hrs from his office at Najja Shopping centre, Najjanankumbi for allegedly forging the signatures of the acting director, Geological Survey and Mines (Ag. D/GSM), Ministry of Energy and Mineral Development, Mrs. Alaba Agnes, and that of Ms. Grace Lajwe, Principal Chemist, Directorate of Geological Survey and Mines (DGSM) in his fraudulent transactions using his two companies; Trans Equator Miners Ltd. and Trade Pannell International Limited,” said Owoyesigire.

He further noted that this resulted from several companies being investigated by the Police Minerals Protection Unit (PMPU) over the forgery of the signature of Alaba Agnes and that many other suspects are yet to be arrested.

Lwasa’s arrest comes a few months after release from police custody over almost similar charges.

In January, the businessman was arrested over fraud and obtaining money by false pretense when he sold fake gold worth Shs200million to a Chinese national.

He was later released on police bond.

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