UGANDA COMMERCIAL IMPEX (UCI) LTD

CDe.009
UGANDA COMMERCIAL IMPEX (UCI) LTD
Date on which the narrative summary became available on the Committee's website: 
29 October 2014
Reason for listing: 

UCI was listed on 29 March 2007 pursuant to the measures on arms established by paragraph 20 of resolution 1493 (2003), and extended pursuant to paragraph 1 of resolution 1596 (2005).

Additional information: 

“UCI bought gold through a regular commercial relationship with traders in the DRC tightly linked to militias. This constitutes ‘provision of assistance’ to illegal armed groups in breach of the arms embargo of resolutions 1493 (2003) and 1596 (2005). Gold export company. (Former directors Mr. J.V. LODHIA – known as “Chuni”- and his son Mr. Kunal LODHIA). In January 2011, Ugandan authorities notified the Committee that following an exemption on its financial holdings, Emirates Gold repaid UCI’s debt to Crane Bank in Kampala, leading to final closure of its accounts. The previous owner of UCI, J.V. Lodhia and his son Kumal Lodhia have remained involved in purchasing gold from eastern DRC.”