Big Story: Multi-Million Scam Evaporates, State House Makes Fresh Arrest

By Swift Reporter

Uganda’s anti-corruption authorities have intensified their crackdown on fraud after another suspect was formally charged in connection with a high-value investment scam.

The State House Anti-Corruption Unit, working jointly with the Criminal Investigations Directorate and the Office of the Director of Public Prosecutions, arraigned Ibona Joseph before the Anti-Corruption Division of the High Court on charges of obtaining money by false pretences.

Court officials confirmed that Ibona has been remanded until April 10, 2026, as investigations continue.

According to prosecutors, Ibona is linked to a wider network of alleged fraudsters previously charged in the same case, including Mulyansaka Charles, Watum Peter, and Twebaze Drake.

The group is accused of orchestrating a fraudulent scheme involving the purported supply of AdBlue a chemical used to reduce vehicle emissions valued at approximately $4.95 million. The deal allegedly targeted key government institutions, including the Ministry of Energy and Mineral Development and the Ministry of Works and Transport.

Investigators say the suspects attempted to defraud an investor of $50,000 by falsely claiming the funds were required to facilitate the registration of a company, TMA Africa Proprietary Limited, in Uganda. Authorities maintain that this claim was entirely misleading.

The latest arrest underscores ongoing efforts by law enforcement agencies to combat white-collar crime and protect investors from fraudulent schemes.

Officials have reiterated their commitment to ensuring accountability and safeguarding Uganda’s investment climate, urging members of the public to remain vigilant and report suspected fraud.