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Gold racket steals Shs900 million from envoy

An envoy from the Gulf States has claimed he was ensnared by a racket purporting to deal in gold and conned of $241,000 (about Shs881m) between December 2023 and January this year.

His revelation comes on the heels of the Monitor story published on Tuesday titled: “How investor lost Shs5b in gold scam.”

The envoy, who asked not to be named because of his diplomatic status, said he elected to speak out after reading the Monitor story, which bears a similar pattern of deceit.

The envoy alleged that his friends, who he identified as Gilbert Kevin Jimmy Kwizera and Nasser Sebunya were behind the deal.

When contacted yesterday, the duo acknowledged knowing the diplomat and the gold deal but denied being part of the racket that scammed him.

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