Masaka Tycoon Emmanuel Lwasa arrested Again

Police in Kampala have arrested Masaka and Kampala businessman Emmanuel Lwasa Kaweesag for forging documents.

This has been confirmed by Kampala Metropolitan deputy police spokesperson saying Lwasa was arrested on Monday after forging signatures on documents related to gold deals.

“Mr. Lwasa was arrested on  April 4, 2022, at 1600hrs from his office at Najja Shopping Centre, Najjanankumbi for allegedly forging the signature of the acting  Director Geological survey and mines (Ag. D/GSM) Ministry of Energy and Mineral Development Mrs. Alaba Agnes and that of Ms. Grace Lajwe Principal Chemist Directorate of Geological survey and mines (DGSM) in his fraudulent transactions using his two companies; Trans Equator Miners Ltd and Trade Pannel International Limited,” Owoyesigyire said in a statement.

According to Owoyesigyire, Lwasa’s trouble began with several companies being investigated by the Police Minerals Protection Unit (PMPU) over the forgery of the signature of Alaba Agnes and that many other suspects are yet to be arrested.

Lwasa’s arrest comes a few months after release from police custody over almost similar charges.

In January, the businessman was arrested over fraud and obtaining money by false pretense when he sold fake gold worth Shs 200 million to a Chinese national and was later released on police bond.

Lwasa says he is the proprietor of Trans Equator Miners Limited and Trade Pannel International Limited, both companies involved in the trade of gold.

Lwasa has several businesses including a popular discotheque in Masaka City, a bar in Kampala and an events company among others.