Ugandan socialite and businessman Sulaiman Kabangala Mbuga aka SK Mbuga has been released from a Swedish prison.
The tycoon who was extradited to the Scandinavian country to answer to charges of fraud in February this year was acquitted by a court in Sweden on Tuesday 17th on grounds that prosecution had failed to present enough evidence to pin him.
The case had initially been set for hearing later this month (September 27) but the Prosecutor reportedly lost interest in the case after reviewing the previous proceedings.
SK Mbuga was arrested by International Police (Interpol) in February 2018 in Dubai in connection to 53m Kronor (about Shs23 billion) that his wife Angella Vivian Birungi allegedly fleeced from a joint account she owned with her former boyfriend Sten Heinsoo in Sweden.
Mbuga was arrested in United Arab Emirates early last year and later he was extradited to Sweden to face trial in a case of 53m Kronor (about Shs23 billion) gold deal which had gone bad.
The UAE government handed over Mbuga to Swedish police in Dubai who flew him to Sweden.
According to reports, the Prosecutor lost full interest in the case after failing to adduce enough evidence hence freeing Mbuga.
An earlier reported had said the resident Judge one Michaela Sten closed the hearing of the matter last Friday and set 27th/September to deliver the ruling.
