Finally! Bsafe Security Boss Mukundane Netted Over Multimillion Fake Gold Deal

By Our Reporter

The State House Anti-Corruption Unit, in collaboration with the Criminal Investigations Directorate (CID) and the Office of the Director of Public Prosecutions (ODPP), has charged Mukundane Robert, a director of Bsafe Security Systems, with multiple counts of fraud and forgery arising from a fake gold export scheme that allegedly swindled a Kenyan investor of USD 49,500 (about UGX 188 million).

Mukundane appeared before the Makindye Chief Magistrate’s Court to answer charges of Obtaining Money by False Pretence, Forgery, Uttering False Documents, and Conspiracy to Commit a Felony.

According to prosecution, between March and July 2025, Mukundane and others still at large allegedly conspired to defraud Mr. Muruiki Haron Gatiji, a Kenyan businessman, under the guise of facilitating the export of 200 kilograms of gold from Kampala to Dubai.

Investigations reveal that the accused and his associates convinced the investor to remit USD 49,500, purportedly to cover clearing, documentation, and export logistics for the gold consignment. However, after receiving the funds, the group reportedly disappeared and ceased all communication with the victim.

Authorities say the forged documents included export permits and clearance papers purportedly issued by Ugandan regulatory bodies to lend legitimacy to the fraudulent deal.

The Anti-Corruption Unit confirmed Mukundane’s arrest via social media, reaffirming its commitment to combating cross-border financial crimes and protecting the integrity of Uganda’s investment environment.

The court proceedings are ongoing, and the search for Mukundane’s accomplices continues. If convicted, the accused faces a potential prison sentence under Uganda’s Penal Code for offences related to fraud and conspiracy.

Uganda has in recent years witnessed an increase in fake gold and mineral export scams, often targeting foreign investors through sophisticated syndicates that use forged export documents and fake companies to solicit funds. Authorities have urged investors to verify all mineral dealings with the Directorate of Geological Survey and Mines (DGSM) and the Bank of Uganda before engaging in cross-border transactions.