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
Count reading this article to your CPD minutes, by signing up to our CPD WalletFREE CPD Wallet