Home Crime Ugandans Lose 1.6 Billion Shillings in Capital Chicken Investment Scheme, Police Investigating

Ugandans Lose 1.6 Billion Shillings in Capital Chicken Investment Scheme, Police Investigating

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ugandans lose 1 6 billion shillings in capital chicken investment scheme police investigating
ugandans lose 1 6 billion shillings in capital chicken investment scheme police investigating




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Ugandan authorities have revealed that citizens lost approximately shs1.6 billion in a scheme called Capital Chicken, which promised returns on poultry rearing investments. The police have initiated an investigation following complaints from victims.

The Kampala Metropolitan deputy police spokesperson, Luke Owoyesigyire, stated that between 2021 and 2023, Capital Chicken operated in Kampala Central Division, where people invested their money with the expectation of returns. Initially, the operation seemed to be running smoothly, but concerns arose as some investors encountered unusual behavior from the management.






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

According to victims, they were promised a 60% interest on their investment at the end of a five-month contract period, with the option to renew it or not. They believed they were participating in remote poultry rearing and receiving interest payments every five months.



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The police spokesperson stated that investigations are ongoing at Kira Road police station under case numbers GEF 38/2023 and GEF 39/2023, where statements have been recorded from 41 victims. The transactions in question amount to approximately shs1.6 million, and relevant documents have been recovered to aid in the investigation.

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The primary suspects in the case are Pius Wamanga and Ernest Ssempebwa, who were the top managers of the company. The police emphasized their commitment to a thorough and fair investigation and encouraged anyone affected by the company or possessing information related to the case to come forward and cooperate with investigators.