The State House Anti-Corruption Unit has, in coordination with the Criminal Investigations Directorate and the Office of the Director of Public Prosecutions, arraigned another suspect linked to a high-profile investor fraud scheme involving millions of dollars.
Ibona Joseph was on Wednesday presented before the Anti-Corruption Division of the High Court and charged with obtaining money by false pretences. Court proceedings resulted in his remand until April 10, 2026, as investigations and prosecution efforts continue.
Authorities say Ibona is part of a wider network of alleged fraudsters previously charged in connection with the same case. The group includes Mulyansaka Charles, also known as Dr. Muo Dickens, Watum Peter, and Twebaze Drake, alias Dr. John Karuhanga.
According to prosecution, the suspects orchestrated a fraudulent deal under the guise of supplying AdBlue, a chemical used to reduce harmful emissions in diesel engines, in a transaction valued at approximately USD 4.95 million.
The purported supply was reportedly targeted at key government institutions, including the Ministry of Energy and Mineral Development and the Ministry of Works and Transport.
Investigators further allege that the accused attempted to fraudulently obtain USD 50,000 from an investor, claiming the funds were required to facilitate the registration of a company, TMA Africa Proprietary Limited, in Uganda.
However, authorities say this claim was false and part of a broader scheme to defraud the investor.
The case underscores ongoing efforts by anti-corruption agencies to crack down on financial crimes targeting investors and public institutions, as Uganda continues to position itself as a safe destination for investment.
