Last Updated on: 27th March 2022, 01:56 pm
From November 2021, the business became unstable and members started complaining, forcing some to register a case at Lira CPS on December 21 2021.
By Acipa Doreen
Lira, March 27, 2022: Police from Lira central police station (CPS) on Thursday morning arrested one of the officials of Power Forex International, an online forex trading company.
The company and its top official is accused of conning millions of shillings from some people of Lango.
Kashijja Emmanuel is one of the company’s officials who wanted to extend their illegal trade through bribing the state prosecutor.
Reports indicate he went with a bribe of shs2m to offer the Lira state prosecutor so that his colleagues who were arrested for fraud are released.
On Thursday, March 24 at around 8 am, Kashijja Emmanuel, a resident of Kireka ‘D’ cell, Kireka ward, Kireka town council in Wakiso district went to the home of the state prosecutor of Lira, Peter Amalu and offered shs2m.
Amalu, after hosting his visitor and was aware of his offer called detective (Inspector of Police) Ojok Richard Tom who went and arrested Kashijja and took him to Lira central police station.
Amalu has since declined to speak to the press.
Patrick Emot is among people who were allegedly conned off their money by Power Forex International. he told journalists that he was called by Amalu to witness Kashijja’s act of bribing him.
Emot who claimed that he lost over shs30m to Power Forex International warned anyone from blocking their quest for justice in the matter.
On March 24, 2022, the Lira Chief Magistrate Court remanded to Lira Central Prison some of the officials of Power Forex International who were arrested for conning money from the people of Lango.
Those that were remanded include Chief Executive Officer Nuagaba Herbert, Co-CEO Mutasessira Moses and finance officer, Tamali Rogers.
It’s reported that last year around May 2021, Nuwagaba Herbert and others registered an online business on forex trade which attracted so many customers, close to over 2000 people all over the country, where you deposit some money and keep earning daily.
The more deposit you make, the more money you earn, and others went as far as depositing shs30m, shs20m, shs10m, among other amounts.
However, by November 2021, the business became unstable and members started complaining, forcing some to register a case at Lira CPS on December 21 2021.
A follow up was made and three people: Nuwagaba Herbert, director of the business, Mutesasira Moses and Tamale Rogers were arrested from Kampala and brought to Lira CPS on Monday, December 27, 2022.
They are expected to appear before Court on May 13, 2022, before His Worship Samson Abiti Loum, the Lira chief magistrate.