Uganda holds 3.6 tons of gold possibly from Venezuela
27 Mar 2019

AP — A gold refinery established by a Belgian is facing Ugandan sanctions over the questionable importation of 7.4 tons of gold earlier in March, adding to growing allegations that minerals from conflict-plagued countries pass through the Uganda-based company.

The company, African Gold Refinery, had already exported 3.8 tons of the gold that may have originated from South America. But police are holding the remaining 3.6 tons as they await advice from the attorney general on whether to seize the gold and criminally charge the company’s directors, police spokesman Fred Enanga told The Associated Press Monday.

African Gold Refinery, which is licensed to process raw gold, has not yet revealed where disputed consignment was sourced, he said, adding that the alternative is to release the gold if the appropriate taxes are paid to the Ugandan government.

Link to AP

Advance your CPD minutes for this content, by signing up and using the CPD Wallet


You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.