Businessman Muhammad Ali charged over Shs13 billion gold fraud, remanded by Makindye court

The State House Anti-Corruption Unit, working with CID and the ODPP, arraigned businessman Muhammad Ali before Makindye Magistrates Court on charges of theft and cheating, and he was remanded until 5 May 2026. According to the ACU, Ali, then a manager at Duck Hunters Security Company, allegedly helped defraud Dubai-based investors of about USD 3.5 million (roughly Shs13 billion) in a gold deal in September-October 2025 that involved a purported military officer.