SH13BN GOLD SCAM EXPLODES! Duck Hunters MD Nabbed as “Fake Gold” Syndicate Lures Dubai Investors Into Military-Style Trap
Kampala’s shadowy gold underworld has been rocked by a blockbuster arrest after security agencies pounced on a top city businessman in a jaw-dropping Sh13 billion gold fraud that reads like a movie script.
Ali Mohammed, a Ugandan of Somali origin and former managing director of Duck Hunters Security Services, was dramatically arrested on April 9, 2026, over allegations that he masterminded a fake gold deal that fleeced foreign investors of a staggering $3.5 million.
The arrest comes six months after the Dubai-based investors—operating under MAPSCO General Trading LLC—were allegedly taken on a wild ride through Kampala’s gold trade, only to walk away empty-handed.
Sources say the trap was set last September when the investors flew into Uganda hunting for gold business opportunities. What they found instead was a carefully choreographed scheme involving multiple companies, fake assurances, and high-level theatrics.
Their journey reportedly began at Spanex Cargo Company Limited offices in Bukoto, where they were dazzled with licences, permits, and export documents.
Hooked by the presentation, the investors reportedly purchased 10 kilograms of gold at $700,000 (about Sh2.58bn).
But that was just the beginning.
Spanex allegedly advised them to store the gold with Duck Hunters Security Services as export documents were being processed. That’s when they met Mohammed—the man now at the center of the storm—who agreed to “secure” the gold.
Days turned into weeks, and the documents never came.
Instead, the investors were fed a steady diet of excuses until they were finally taken to the airport—thinking their deal was complete.
But at the last minute, the script changed.
“They were told there was a problem with customs,” investigators revealed.
In a shocking twist, the investors were allegedly told that their 10kg could not be cleared because it had to be exported together with another 40kg that Spanex claimed to have.
It was a lie.
The investors were forced to board their flight without a single gram of gold.
When they returned to Uganda demanding answers, the situation took an even darker turn.
Mohammed allegedly introduced them to a new “solution”—a mysterious figure said to be able to fix everything.
What followed sounds like a scene straight out of a thriller.
The investors were taken to an office in Buziga, where they reportedly found armed soldiers guarding the premises. Their phones were confiscated at the gate before they were ushered upstairs.
Inside, they met a man introduced as a UPDF general named James, flanked by individuals described as “clearance agents” from Midasgko Mineral Trade.
Under pressure and convinced they were dealing with powerful insiders, the investors were persuaded to go even deeper into the deal.
They reportedly agreed to purchase an additional 30 kilograms of gold at $80,000 per kilogramme—totaling a staggering $2.4 million (Sh8.88bn).
Samples were produced, tested, and even transported in a Duck Hunters vehicle to a refinery, where they reportedly passed verification.
Convinced the deal was finally real, the investors paid up.
But history repeated itself.
As they attempted to leave Uganda with the gold, they were once again stopped—this time over “missing documents.”
That was the breaking point.
Realizing they had been played, the investors reported the matter to authorities, triggering investigations that have now led to Mohammed’s arrest.
Security sources say the net is widening.
Investigators are now pursuing other suspects linked to the scam, with attention also turning to companies previously flagged in illegal gold dealings. Among those named in a February joint report by the Police Mineral Protection Unit and the energy ministry are Howks Guard Security, B Safe Security Systems, Aurus Traders Limited, Kerlibar Logistics, Hey Transport Limited, and Midasgko Mineral Trade.
Eight companies in total have been recommended for closure.
The case file has now been forwarded to the Director of Public Prosecutions for perusal and possible charges, while military intelligence under CMI is also said to have taken interest in the matter.
But just when it seemed the scandal couldn’t get any bigger, insiders hinted at a chilling twist.
Sources whisper that the saga may have deep family collusions as we shall report in our subsequent story.
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