Indian gold dealers arrested over forgery, non payment of workers & money laundering

Two Indian nationals trading in Uganda have been arrested over money laundering, non-payment of workers and operating on fake license.

Second Opinion has obtained that Rahul Renjit and Roman John, all directors of Faru Trading Limited, a gold-dealing company based in Bugolobi were arrested Friday by Mineral Police.

A source says that given their connections, the duo was granted Police Bond but will be reporting to Police as investigations continue.

The two are members of the Gold Refinery Association and are currently battling the Export levy Tax arrears with the Uganda Revenue Authority.

Information from an insider says that the fraudulent company uses Somalia National based in a neighboring country.