Banking & Financial ServicesThe Big Story

Vetaplan Chicken Directors Arrested Over UGX 758 Million Poultry Investment Scam

Two Vetaplan Chicken directors, Eve Gershom Tania, Lugeleka Erric Talemwa, and an employee, Bob Anthony Tumwebaze, appeared before Buganda Road Chief Magistrate. Ronald Kayizzi on Thursday.

The Capital Markets Authority has confirmed the arrest of two directors and an employee of “Vetaplan Chicken” following a major two-year investigation into an alleged investment scam that swindled over UGX 757.5 million (approx. $200,000 USD) from unsuspecting members of the public.  That investigation reached a head last week with the arrest of Tanzanian national, 42-year-old Lugeleka Eric Talemwa, one of the company’s directors. Talemwa was arrested at the Uganda-Kenya border in Busia on June 30, amid what authorities believe was an attempt to flee the country.  Two days later, the second director, 39-year-old Eve Gershom Tania, and 30-year-old Bob Anthony…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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