Uganda’s equivalent of the CIA, the Internal Security Organization [ISO] has confirmed the detention of South Sudanese billionaire, Lawrence Lual Malong Yor Jnr. The tycoon was initially reported missing last week, November 22.
Family members had alleged that an organized group, possibly the Police or military, had kidnapped Mr. Malong Jnr from an unidentified hotel in Kabagala, a town in Uganda’s capital- Kampala, an allegation which was swiftly denied by Brigadier Richard Karemire, the spokesperson of the Uganda People’s Defense Force.
The extremely rich Malong is very popular in Africa for his braggadocio, often making videos of himself baring stacked suitcases and swimming in dollars, or flaunting his wealth on TV and attributing it to the blessings of Jesus Christ.
The disappearance of the 30-year old self-professed richest man in Africa had been clouded in mystery until a report in the Uganda based daily, New Vision, revealed that ISO Director General Kaka Bagyenda had finally confirmed that his organization was responsible for the events.
General Kaka Bagyenda revealed that the tycoon was in custody as a person of interest in a delicate security and intelligence investigation.
Several Eastern African tabloids had reported that Mr. Malong Jnr- born July 15 1988- had amassed his wealth from his mineral refineries for Gold, Silver, Copper and Diamonds in Kenya, Uganda and his native South Sudan.
But those reports have seriously come into question after the ISO chief confirmed that the detained tycoon- who has denied any relationship with former Army chief Paul Malong Awan- will be facing charges on a wide range of criminal activities after helping with investigations.
Prior to being held by security forces, certain Eastern African anti-money laundering organizations such as the Global Witness and The Sentry had continued to maintain that the ‘young tycoon’ amassed most of his wealth through General Malong- the latter ostensibly exploiting his position to acquire illegal wealth during the 5-year South Sudanese Civil war.