KAMPALA – Renowned city lawyer Isaac Kyagaba and Indonesian-based PT HRTC Exploration and Production have strongly denied allegations linking them to a multi-billion shilling gold fraud.
In separate official statements, both Kyagaba and PT HRTC dismissed the accusations as false, misleading, and defamatory.
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Kyagaba’s lawyers, Kirunda & Co. Advocates, issued a statement describing the allegations as “false and malicious”. “Contrary to the reports in the impugned story, Mr. Kyagaba was not at all involved in any ‘gold heist.’ He did not orchestrate any fraudulent scheme, neither is he implicated in one,” the statement read.
The lawyers further clarified that Kyagaba never received USD 500,000 allegedly linked to the gold transaction, nor did he issue any customs declaration related to the said transaction.
PT HRTC Exploration and Production also issued an official statement categorically denying the accusations. The company, headquartered in Jakarta, Indonesia, stated that neither Kyagaba nor their legal representatives, Dentons, received any such funds.
“The claims that he received $500,000 without remitting it to authorities and that he presented a fake customs declaration are completely false, misleading, and defamatory,” said Bunga Mentari, Director of PT HRTC.
The company urged the public to disregard the allegations and called on law enforcement to investigate the source of the false claims.
Kyagaba has vowed to take legal action against the online platforms and those responsible for what he calls a deliberate attempt to tarnish his reputation. His lawyers at Kirunda & Co. Advocates have assured that they will pursue the matter in the appropriate legal forums without restraint.
Both Kyagaba and PT HRTC maintain that they are committed to transparency, integrity, and ethical business practices.
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