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Kenyan Dealer Vanishes Into Thin Air After Collecting Ksh53 Million From Ugandans

Arua Forex Bureau Offices in Arua, Uganda. [PHOTO/ COURTESY]

A Kenyan Forex dealer based in Uganda has disappeared with over Ksh53.5 million (Ush2 billion) he collected from his local customers.

David Kimani, owner of Arua Forex Company, is said to have duped his customers in Arua town before fleeing into the country.

Ugandan Newspaper The Observer reports that Kimani had worked in the country for about 15 years, and had grown his network with notable businessmen in the country.

Some of the businessmen are said to have entrusted him with their millions to buy Forex and pay back at his convenience.

On the day he went missing, he is reported to have driven himself to Malaba boarder before abandoning his Land Cruiser Prado.

His employees, who reported to work early Monday, were shocked to find the business premises closed.

After hours of waiting, the employees phoned Kimani who promised to be back in two days.

A guard in manning the area told reporters that the business owner had left the premises with a big bag.

“The workers came and waited here in vain until after sensing something unusual, they went back home, up to now that’s why the place is still closed,” the paper quoted the guard.

Thereafter, after word went round that the businessman had disappeared into thin air, more than 30 of his customers stormed the premises before proceeding to record statements with the police.

Some of the customers claimed to have given Kimani huge sums of money in exchange of foreign currencies including US dollars, Euros, Pounds and Sterling.

Read:Uganda Orders Suspension Of 3 NBS TV Staffers Who Aired Bobi Wine’s Protests

One of the businessman identified as Data confessed to have given Kimani Ksh700,000 ($7000) on Sunday afternoon hoping to pick Ugandan currency on Monday only to receive the shocking news.

The West Nile region police commander, Chris Barugahare confirmed that police had launched investigations into the incident.

The officer, however, said they can’t confirm if Kimani has crossed to Kenya or is still in Uganda.

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Written by Wycliffe Nyamasege


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