News reaching us indicates that Ugandan socialite and tycoon Sulaiman Kabangala (SK) Mbuga has been arrested in Dubai over Swedish krona 53 million (about Shs 23 billion) fraud.

This website has learnt that Mbuga was arrested by International Police (Interpol) at Dubai Airport over the said amount of money that he and his wife allegedly fleeced from Swedish politician Sten Heinsoo.

Swedish newspaper Expressen, earlier this month published a story of how the couple (Mbuga, 34, and his wife Angella Vivienne Chebet, 33) conned Sten Heinsoo in a fake gold deal.

Sten Heinsoo revealed that the money had disappeared abroad when he tried to help a female friend to transport gold from Uganda to Sweden.

In total, it amounts to SEK 53 million that Heinsoo transferred to accounts in Uganda.

SK Mbuga and Vivienne have been at large until he (Mbuga) was arrested on Sunday. The whereabouts of Vivienne are still unclear.

The Director of Interpol in Uganda AIGP Fred Yiga said he could not confirm Mbuga’s arrest.

“I cannot confirm that because we do not have him on our Interpol list,” said Yiga, who however added that he had been approached by some Ugandans seeking his assistance over Mbuga’s arrest in Dubai.

According to sources, Mbuga was living in Dubai under the impression that Dubai authorities would not hand him over to the Swedish administration.

The tycoon, who was reportedly arrested while attempting to escape to Uganda, has been airlifted to Sweden.