Kampala Land Board Chairman David Balondemu has Friday been remanded to Luzira Prison until November 6 on charges of fleecing a Korean Investor of $600000 (shs 2.2 billion).
Balondemu, a prominent lawyer was arrested on Wednesday by State House Anti-Corruption Unit (SHACU) on orders of the President.
He appeared before the judge at City Hall Court in Kampala on Friday morning and remanded to Luzira after his bail application was objected.
Balondemu becomes the third person to be remanded to prison following a complaint lodged by the Korean investor Hyun UK Kim who lost money multiple times to Kampala’s crooked dealers.
Mr Hyun reported the matter to SHACU that he had been conned of $1.5 million in several gold and financial schemes.
Balondemu’s arrest came after an extensive investigation into the investor’s claims, which highlighted the alleged deception.
According to officials, Balondemu allegedly utilized his legal knowledge to create an elaborate scheme that convinced the investor to pay $600,000 in a fake gold deal.
Two weeks ago, City Hall Grade One Magistrate Rehema Nassozi Ssebowa remanded two men to Luzira Maximum Security Prison on charges of obtaining money by false pretense from the same Korean investor Hyun.
Court heard that Mugisha and Maviri, along with others who are still at large, allegedly committed these crimes between August 2021 and November 2021 in Kampala City.
They allegedly obtained US$300,000 (approximately Shillings 1.1 billion) by falsely claiming that they were selling 53 kilograms of gold to Hyun.
Balondemu joins his cohort in Luzira where he spend over two weeks before he reappears in Court for bail hearing.
