Ugandans Lose shs1.6bn in Suspected Capital Chicken Scam

Ugandans Lose shs1.6bn in Suspected Capital Chicken Scam
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Police Report Losses in Capital Chicken Investment Scheme

The police in Uganda have revealed that individuals in the country lost approximately shs1.6 billion in what appears to be a fraudulent poultry investment scheme called Capital Chicken.

In a statement issued on Wednesday, Luke Owoyesigyire, the deputy police spokesperson for Kampala Metropolitan, stated that an investigation has been launched into the alleged scam following complaints from victims.

It is alleged that between 2021 and 2023, Capital Chicken operated an office in Kampala Central Division on Kanjokya Street. People entrusted their money to the scheme with the promise of investment returns. Initially, the operation seemed to be running smoothly, but concerns began to arise when some members experienced unusual behavior from the management.

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Reports indicated that members were being asked to return later when they visited the office for transactions. On September 29, 2023, the situation escalated when individuals arrived at the office only to find it unexpectedly closed. Concerned citizens promptly reported the matter to the police.

According to victims, who were referred to as investors with five-month contracts, they were promised a 60% interest on their investment at the end of each contract period and had the choice to renew it or not. Investors believed they were remotely involved in poultry farming and would receive interest payments every five months.

The police have initiated investigations at Kira Road Police Station under case numbers GEF 38/2023 and GEF 39/2023, where statements have been recorded from 41 victims.

“The 41 victims have provided information about transactions totaling approximately shs1.6 million. Additionally, relevant documents related to these transactions have been recovered to assist in our ongoing investigation,” stated the Kampala Metropolitan deputy police spokesperson.

The primary suspects in the case are Pius Wamanga and Ernest Ssempebwa, who were the top managers of the company.

“We want to assure the public that this matter is being taken very seriously. Our investigators are diligently working to uncover the facts surrounding this alleged fraud,” Owoyesigyire emphasized.

“We understand the concerns of the victims and the public, and we are committed to bringing this investigation to a swift and fair conclusion. We encourage anyone affected by the company or with information related to this case to come forward and cooperate with our investigators,” he concluded.

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