South Sudan tycoon Lawrence Malong Lual Yor has been remanded to Luzira Prison for alleged fraud and obtaining money by false pretence.
Malong, 30, was arrested by Internal Security Organisation (ISO) operatives in November 2018 after he shared photographs of himself lying on the bed full of dollars.
The businessman who hails from the capital Juba is charged with a Congolese broker Mike Okitalunyi Lota and a Ugandan businessman Gavana Thaddeus Zikusooka aka James Byaruhanga.
Prosecution contends that between February 2017 and December 2018 at different places in Kampala, Malong, Lota and Zikusooka obtained $1.9 million from businessman Wegnew Desire purporting that they were selling him 150kg of gold whereas not.
Buganda Road Chief Magistrates Court presided over by Joan Ketty Acaa remanded the suspects until April 4, 2019 for further mention of their case.
According to court records, Wegnew, a South African based businessman of Ethiopian origin, was approached by suspects approached him purporting to sell him gold at $23,000 per kilogramme.
Malong offered himself as a license holder for gold trade while Lota was the seller.