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City Business Man Charged Over Stealing Billions In Fake Gold Deals, Remanded

Remanded

by Newsday Author
September 7, 2025
in News
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City Business Man Charged Over Stealing Billions In Fake Gold Deals, Remanded
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By our Writer

KAMPALA

Another city business man has been arraigned in court to face charges related to dealing in fake gold and conning unsuspecting the investors of millions of money.

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Mr Luyima Godfrey, a businessman and owner of multiple properties in Kampala and it’s environs , and a gold scammer was charged before the KCCA Chief Magistrate’s Court.

Luyima faces multiple charges, including obtaining money by false pretence, uttering false documents, and forgery.

Investigations revealed that in September 2021, while in Kampala District, the accused obtained over USD 600,000 from Hyun Uk Kim, a Korean national, by falsely claiming he would supply him with 53 kilograms of gold.

To execute the fraud, he allegedly posed as a Congolese gold dealer under the false identity “Likambo Augustine.”

He further presented forged documents to the victim in a bid to make the transaction appear genuine, whereas it was not.

In 2023, Balondemu David, Mkwe Eric, Mugisha James Jeff, and Maviri Godfrey were charged in the same case, but under unclear circumstances, the matter was dismissed by court. The DPP has since ordered the reinstatement of charges against all the suspects involved.

The accused denied the charges and was remanded until 10th September 2025.


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