Regulatory Alerts2025-07-04
CMA Advances Crackdown on Investment Scams
The Capital Markets Authority of Uganda arrested three directors and employees of Veta Plan Chicken for collecting over UGX 757.5 million from the public through an unapproved investment scheme. The suspects were arraigned on 21 charges including offering securities without approval and obtaining money by false pretenses after the company refused to refund investor funds. The Authority urges the public to verify investment opportunities on its official website to avoid fraud and protect their capital.
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