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JUST IN! Tycoon Bafanabyo Remanded For Defrauding Qatari Investors of Shs1.1Billion

By Our Reporter

 

NATIONAL

 

A businessman has been arraigned before the Anti-Corruption Court in Kampala over allegations of defrauding Qatari Investors of Shs1.1Billion.

 

Gilbert Tumwebaze Bafanabyo alias Albert appeared the court today, Friday, April 10, 2026 on charges of Obtaining Money by False Pretence, Money Laundering, and Impersonation.

 

According to the State House Anti-Corruption Court that investigated the case, Bafanabyo between July 2022 and April 2023, within Kampala District, presented himself as “Albert”, a Manager of Sky Link International, and allegedly devised a scheme to defraud Qatar investors.

 

The accused together with others still at large fraudulently obtained USD286,910 (approx. Shs1.1Billion) from the investors claiming that it was performance security fees for a non-existing contract by government of Uganda for the construction of six technical model schools in Wakiso, Kasanda, Pader, Garuga, Nampungwe and Busunju which was not true.

 

 

The representations were false, and the accused allegedly knew that no such contract or procurement arrangement existed. He has been remanded until 17th April 2026.

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