Police urge Lira investors to sue business partners over loss of Shs9b
LIRA – After losing produce worth Shs 9 billion to Oyam district based company, Agri-exim, the police have advised the Asian investors in Lira City to pursue civil remedies to recover their money.
In September last year, six investors in Lira City opened a case of obtaining goods by false pretense against Agri-exim Ltd.
The businessmen said they supplied sunflower grains, soybean, simsim and cotton seeds worth Shs 9b to the Agri-exim but had never been paid. The complaint was reported at Kireka special investigation division, Kampala.
The investors include Dev Patel of Premukh miller (Shs 3.6b), Farook Wakas of Farook Agro (Shs 2.3b), Muhammed Shahid of Mian Agro (Shs 644m), Anifa Aguti of Umaima business solution (Shs 498m,) and Basra Gurcharan of Guru Nanak (Shs 571m).
But according to the police in charge of economic crimes and financial intelligence, the case file will be closed following legal opinion by the directorate of public prosecution.
In the report dated 28th march which was released by Tesiima Catheline, acting commissioner of economic crimes and financial intelligence, they advised the complainants to seek civil redress since the criminal case will be closed.
“Upon completion of the inquiries, the police file was submitted to the directorate of public prosecution for legal opinion and guidance,” Tesiima says.
“Later it was returned on 2rd march with advice that the complainants should seek civil redress since the file be accordingly closed,” Tesiima added.
The report says further inquiries were conducted and found that the goods were being procured from the produce dealers by Gajanan Ashok Patil.
Patel was the general manager in charge of procurement at Agri-Exim.
“We established that the goods were transported from the stores of the suppliers to the Agrix-Exim factories by Tinka transporters who are official transporters of the company,” Tesiima said.
It was again discovered that one of the suppliers, Basra Gurcharan Singh, and his business associate were with the receipts bearing details of the suppliers but it instead falsified during weighing.
The falsefication of the receipts, it was said, was done on the instruction of Gajanan Ashok Patil instead receipts attached unknown suppliers such as Jalaj biotech Ltd, Guma Richard, and M2M Odongo Vincent among others.
According to the police, Gajanan revealed that the funds released by the company for payment were paid to companies and individual bank accounts – Basra, M2M, and Jalaja biotech Ltd.
https://thecooperator.news/lira-city-based-asian-investors-defrauded-of-shs-9b/
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