Ronald Muramuzi the brain behind online pyramid schemes Adfast and TelexFree has started to lose some of his property after he was nabbed by police a few weeks ago.
Insiders at the Jinja road based Club Rouge reveled that Desire Luzinda’s ex lover Eng. Ken Ntalo acquired the club at a yet to be identified fee.
Ronald Muramuzi purchased the club from Spear Abowe at a price of 100,000 dollars a few months ago.
The club was then closed for over a month as they renovated it to meet the required standards of a luxurious club.
Muramuzi has never stepped in the club after its re opening since he was arrested on the day of grand re opening.
Muramuzi is going to be charged with three counts of electronic fraud, conspiracy to commit a felony and obtaining Money by false pretence.
He has been transferred from Central Police Station to The Special Investigations Unit in Kireka.
Sources have intimated that though the club has a new owner, no major changed will take place since the current club manager Fidel Arinaitwe is so close to Ken Ntalo.