Court orders immediate arrest of Chinese investor

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The court has directed the immediate arrest of Mr. Zhang Jun, a Chinese investor who is on the run for dubiously registering a multi-billion-dollar company.

However, Zhang Jun is jointly charged with fellow businessman Hu Zheheng, who was yesterday granted a cash bail of Shs3 million, and his passport was confiscated by the court as security to ensure his return whenever needed.

According to the document signed by Buganda Road Court Chief Magistrate Ronald Kayizzi, police are ordered to arrest Zhang Jun and produce him before the Court on February 12, 2024, to answer the charges of obtaining registration and conspiracy to commit a felony.

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Chen Chao, the director and chairman of Entec Electric Company, based in Tororo, dragged Hu Zheheng, his former country manager, and Zhang Jun, a former salesman, to court for fraudulently obtaining registration for the same company as directors.

Furthermore, Hu Zheheng and Zhang Jun, both Chinese businessmen, are charged with obtaining registration for Entec Electrical Equipment Company by falsely pretending that they were the sole proprietors of the said company.

Below is the court document

It is alleged that the two used a strict COVID-19 period and the absence of the Director General, Chen Chao, to fraudulently register themselves with the Uganda Registration Service Bureau (URSB) as the directors of Entec Electrical Equipment Company Limited.

The prosecution contends that the accused persons committed the offense on June 27, 2017 at the Uganda Registration Services Bureau offices in Kampala when they willfully procured registration as the only subscribers of Entec Electrical Equipment Company Ltd.

In conclusion, this is after the resident state attorney at Buganda Road Court, Joan Keko, informed the court that investigations into this case are still ongoing.

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