Capital Chicken Boss on the Run as police kick off Investigations in Alleged Fraud.

Capital chicken CEO, Mr. Wamanga Pius on the Run as Uganda police kicks off investigations in Alleged Fraud.

WHAT YOU NEED TO KNOW:

Capital Chicken, a company that had been operating in Uganda for two years, closed down over the weekend and its CEO went missing. This left many investors wondering what to do, as they have lost their money.

It is unclear whether the authorities will be able to trace the owners of Capital Chicken or whether the investors will have to write off their losses.

This is not the first time that Ugandans have been scammed by investment companies. Last year, another company known as BLQ closed down, leaving many Ugandans out of pocket.

This incident is a reminder of the importance of doing your research before investing any money. It is also important to be wary of investment opportunities that promise high returns with little or no risk.

Police Statement:

@Lukowoyesigyire

"The territorial Police at Kira road would like to provide an update on an ongoing investigation into alleged fraudulent activities involving a company known as CAPITAL CHICKEN. It is alleged that between the years 2021 and 2023, CAPITAL CHICKEN operated an office along Kanjokya Street in Kampala Central Division, where individuals entrusted their money for investment, with the promise of returns. Initially, this operation appeared to run smoothly, but recently, concerns arose as some members encountered unusual behavior from the management. Reports indicated that members were being asked to "come back later" when visiting the office for transactions. On September 29, 2023, the situation escalated when individuals arrived at the office to find it unexpectedly closed. In light of these developments, concerned citizens promptly reported the matter to the police. The Kira road Police Central Police initiated investigations under case numbers GEF 38/2023 and GEF 39/2023. Statements have been recorded from 41 victims, shedding light on transactions totaling approximately 1,641,376,000 Ugandan Shillings. Furthermore, relevant documents pertaining to these transactions have been recovered to aid in our ongoing investigation. Currently, the primary suspects in this case are identified as ;Wamanga Pius , Sempebwa Ernest and others . We want to assure the public that this matter is being treated with utmost seriousness. Our investigators are diligently working to uncover the facts surrounding this alleged fraud. We understand the concerns of the victims and the public, and we are committed to bringing this investigation to a swift and just conclusion. We encourage anyone who has been affected by the company or has information related to this case to come forward and cooperate with our investigators. As the investigation progresses, we will continue to provide updates to keep the public informed.