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Uganda: Documents cast doubt on convicted Belgian tycoon’s exit from Ugandan gold refinery

By Musinguzi Blanshe
Posted on Tuesday, 30 November 2021 18:31, updated on Wednesday, 1 December 2021 03:18

An employee holds a 1kg gold bar at AGR (African Gold Refinery) in Entebbe
An employee holds a 1kg gold bar at AGR (African Gold Refinery) in Entebbe, Uganda, October 4, 2018. Picture taken October 4, 2018. REUTERS/Baz Ratner

Amid an international probe into illegal trade, Belgian businessman Alain Goetz continued to lead Uganda's biggest gold refinery long after he had supposedly stepped down, according to business records obtained by The Africa Report.

Goetz sold his 99% share of Africa Gold Refinery (AGR) Limited in January 2019, according to documents filed with the Uganda Registration Services Bureau. However, months later, he continued attending meetings and signing documents as the company’s chief executive officer.