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Uganda Police Investigates Alleged Fraud Involving CAPITAL CHICKEN

Kampala, Uganda | THE BLACK EXAMINER | The Uganda Police Force, specifically the Kira Road division, has issued an update on an ongoing investigation into alleged fraudulent activities involving the company CAPITAL CHICKEN. The investigation, initiated under case numbers GEF 38/2023 and GEF 39/2023, centers around allegations that the company misappropriated significant sums of money entrusted to them by investors.

The alleged fraudulent activities are said to have taken place between the years 2021 and 2023 when CAPITAL CHICKEN operated an office along Kanjokya Street in Kampala Central Division. During this period, the company attracted investors by promising lucrative returns on their investments. Initially, the operation seemed to be functioning smoothly, but concerns began to arise as some investors experienced unusual behavior from the company’s management.

Reports from investors indicated that they were being asked to return at a later date when visiting the office for financial transactions. The situation reached a breaking point on September 29, 2023, when individuals arrived at the office to find it unexpectedly closed, raising suspicions about the company’s activities. Promptly, concerned citizens reported the matter to the police, leading to the launch of a thorough investigation.

To date, statements have been recorded from 41 victims who collectively claim to have invested approximately 1,641,376,000 Ugandan Shillings in CAPITAL CHICKEN. Additionally, relevant documents pertaining to these transactions have been seized to support the ongoing investigation.

The primary suspects in this case have been identified as Wamanga Pius and Sempebwa Ernest, among others. These individuals are currently under investigation, and the police have assured the public that they are taking the matter very seriously.

In a statement, Police Spokesperson @Lukowoyesigyire said, “We want to assure the public that this matter is being treated with utmost seriousness. Our investigators are diligently working to uncover the facts surrounding this alleged fraud. We understand the concerns of the victims and the public, and we are committed to bringing this investigation to a swift and just conclusion.

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