The General Court Martial in Makindye has released on bail city businessman Sam Buchana who is facing charges of illegal possession of a firearm and its ammunition.
This was on a 10 million cash bail by the Court presided by Lt General Andrew Gutti. Court has also directed each of his four sureties to pay 3 million shillings cash as commitment that they will be able to bring him to court such that he doesn’t abscond from trial further restricting his movements in the districts of Wakiso and Kampala .
Buchana was arrested and arraigned before the army Court-martial in Makindye, on Tuesday 20 August, and charged with illegal possession of a gun, a pistol and 18 rounds of ammunition.
Buchana (sometimes Buchanan or Bucyana or Bukyana) is one of the biggest gold dealers in Uganda. Only that he mainly deals in fake gold.
He was arrested in Kampala and later a search was conducted at his home in Bukasa Muyenga. 100 bars of fake gold, among other items, were found at his house.
It was expected that he would be charged with cases related to fraud.
But appearing before the court martial hours earlier, Buchana has been charged with illegal gun crimes.
Buchana of Rwandan origin, was arrested on Friday in an operation headed by the Chieftaincy of Military Intelligence (CMI) on Friday evening after they busted a multi million dollar fake gold scheme.
He was arrested from Bunga and taken to his plush home in Muyenga where a search was conducted.
His arrest came following a number of complaints by foreign businessmen he had allegedly defrauded of huge sums of money while posturing as a gold dealer.
“The moment he takes money from the businessmen, he immediately takes to intimidating them into silence with the help of some individuals,” a source said.
And Xclusive UG can confirm that Buchanan, who travels in a hired private jet whenever flying out for deals, was over the years under the protection of former IGP Gen. Kale Kayihura.
“He has for years eluded arrest due to the fact that he was protected by Uganda’s former Inspector General of Police (IGP), Gen Kale Kayihura
Buchana, we can reveal, has amassed a networth of close to $50 million through his fake gold dealings.
Before his arrest on Friday, Buchanan had conned South Korea nationals $1.3 million and eight ambulance cars.
“Buchanan had demanded for 8 ambulances from the Koreans in exchange for fake gold,” the source revealed.
The ambulances, according to the impeccable source, are parked at a car bond along Gaba Road. The bond is owned by a one Kanyankole.
The deal to defraud Koreans was intercepted by security before the Koreans made the last batch of payment to Buchana and his co-accused, a source close to investigations told this news site.
Earlier this year, Buchana allegedly defrauded Libyans who he is said to have lied to that the late Libyan President, Col Muammar Gaddafi had stashed gold deposits in Ghana.
“Buchana drove the Libyans to a base in Entebbe and showed them a ‘gold’ consignment which he claimed had been moved from Ghana enroute to another country through Uganda,” the source said.
It turned out the consignment had machinery belonging to another agency, the source added.
The Libyans are said to have lost a lot of money in pursuit of the gold that never was.
Buchana, who is known as “Chairman” by peers in the same ‘industry’ has been engaged in several philanthropic initiatives donating money to Boxing federations in Uganda. He has donated over Shs500 million in boxing in the last two years.
In 2016, he casually donated $6000 towards the construction of a Genocide museum at Ggolo memorial site in Mpigi district.
It is said that he earned the name Chairman for helping out peers who find themselves in trouble over fake deals.
His arrest is the latest in a series of operations by CMI to crack down on elements engaged in acts that lead to criminality.
“Mr. Buchana had already disagreed with the co-accused over who actually should take the lead and therefore the biggest share in the fake gold deal with Koreans,” our source revealed, adding that such disagreements may lead to a chain of criminality in the city.