How South African firm lost Shs1.1b to Ugandan conmen

In what is fast turning out to be a common occurrence in Kampala, it has emerged that a South African businessman lost $311,500 (about Shs1.1b) in a scam allegedly involving a senior member of the Cabinet and several security operatives.

The fraudsters masquerading as members of the Tender Board of the Ministry of Defence, reportedly duped the Johannesburg-based Jordan Valley (Pty) Limited into remitting the funds as part of the process of procuring a $123.5m (about Shs451b) contract for the supply of Information Technology (IT) software and hardware.