Two people have been arrested by Katwe Police in connection with the alleged fraud by multi level marketing company Adsan Enterprises.
Recently, about 38 people reported cases to police alleging that the company had taken money from them after assuring them of returns, which failed to materialise.
Its alleged that Adsan Enterprises started operating as a company that deals in supplying chicks to poultry farmers at a subsidised price with a solemn promise of ready market when the have grown.
The company properiators duped clients into believing they had won some contracts into supplying dry food ratio and chicken to some NGOs like United Nations High Commissioner for Refugees (UNHCR) and World Food Program (WFP) hence a ready and available market.
In a statement one of the suspects told police that the first months of doing business, things were a bit successful till the numbers of clients grew beyond the unexpected hence money was channeled into different ventures like crypto currency hence leaving their clients frustrated.
Its believed that the company operating at Muganzaliwaza building SE6 located in Kampala has cheated people to the tune of Ushs 812 million leading to its consequent closure.
The prime accused suspect identified as Simon Musinguzi was arrested along with Daniel Kalyango. The duo are currently detained at Katwe Police Station pending court on obtaining money by false pretense charges.