KWAGALANA BUSINESSMAN Francis Kakumba has been dragged to court for allegedly conning an investor a whopping shs1.2 billion in a fake land deal, Xclusive UG reports.
Investor Muhamood Burwani accuses Kakumba of selling him hot air in a land deal in Butabika.
We have heard that late last year, Kakumba approached investor Burwani and offered to sell him 12 acres of land in Butabika, a Kampala suburb.
Kakumba, it is said, showed Burwani the land title for the land on sale. Convinced that the title was genuine, Burwani went ahead and paid Kakumba Shs1.2 billion.
However to his shock, Burwani discovered that the title he had been given was a fake. As if that was not enough, Burwani later discovered that thesaid land was actually government land where Butabika National Referal Hospital is located.
Burwani opened a fraud case against Kakumba.
Speaking to media, Police Standards Unit spokesperson Vincent Ssekate confirmed the incident ever revealing that Kakumba had three fake titles for the said land. He further revealed that Kakumba first received shs900 million from Burwani through his account in then Crane Bank.
Ssekate further revealed that five counts have been opened against Kakumba. They include; obtaining money by false pretence, forgery of land titles, impersonation among others.
The case hearing has commenced at City Hall in Kampala by magistrate Norah Kayinza.
Speaking to CIID in Kibuli, Kakumba claimed the shs1.2 billion was a payment of a loan he had extended to Burwani.
However he (Kakumba) failed to avail the loan documents. Burwani is being presented by Katende Ssempebwa & Co. Advocates.
The case is recorded under case file CID HQTS E/267/ 2016.