More than 80 people have filed complaints with the Kira Road and Kampala Central Police Stations regarding their involvement in the Capital Chicken Ponzi scheme, according to reports.
Two case files, GEF 38/2023 and GEF 39/2023, have been opened at these police stations, with complainants alleging substantial losses, with one person claiming to have lost as much as 420 million Shillings.
Among the victims, a retired security officer reportedly invested over 380 million Shillings, while another retired civil servant invested 420 million Shillings in Capital Chicken.
“Some of these individuals came to us and expressed their concerns, suggesting that the police were aware of the Ponzi scheme due to the presence of police officers at the location. However, we explained that we provide protection upon request, even for civilian businesses operating openly,” a source revealed.
It has been revealed that some individuals had invested their Emyooga funds in Capital Chicken, hoping for profitable returns.
The scheme’s operators had promised investors a 15% monthly profit for their contributions to the chicken business.
Capital Chicken had its headquarters on Kanjokya Street in Kampala Central Division, where people entrusted their money with the expectation of substantial returns. During its nearly three years of operation, Capital Chicken appeared to operate smoothly, attracting an increasing number of clients.
Luke Owoyesigyire, the Deputy Kampala Metropolitan Police Spokesperson, noted that clients grew suspicious when the scheme’s managers began delaying profit and capital payouts.
On September 29, shock struck as individuals arrived at the office only to find it unexpectedly closed. While initial estimates of lost money were around 1.6 billion Shillings, it is now alleged that the losses are nearing two billion Shillings as more victims come forward.
“Statements have been recorded, shedding light on transactions. Furthermore, relevant documents related to these transactions have been recovered to assist our ongoing investigation,” ASP Owoyesigyire stated.
Police have identified Pius Wamanga and Ernest Sempebwa Ernest as key suspects, believed to have fled the country. Some Capital Chicken employees also reportedly found their offices abruptly closed.
“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,” Owoyesigyire emphasized.
Police have urged the public to continue reporting cases, ensuring that sufficient evidence is collected for the prosecution of the suspects once they are apprehended. However, some groups have chosen not to report, fearing embarrassment.