Kampala, Uganda: Ugandan businessman Dr Sudhir Ruparelia has again been dragged into a fraudulent online scheme, with scammers using his image and name to promote a suspicious money-making platform targeting unsuspecting users.
The misleading advertisement, circulating as a sponsored post under a Facebook page branded “Uganda 24/7,” falsely claims that a newly launched platform can generate quick profits with minimal capital.
The advert suggests that users can start with as little as Shs936,422 and allegedly earn over Shs7.5 million within weeks, a claim experts say bears the hallmarks of a classic online scam.
It features Ruparelia holding cash alongside a tablet displaying a rising graph, giving the false impression that the businessman endorses or is directly involved in the scheme.
No Link to Sudhir or Ruparelia Group
When contacted for a comment, officials close to the tycoon said there is no credible evidence linking Ruparelia or the Ruparelia Group to the advertised platform.
The businessman, widely known for investments in real estate, hospitality, banking, and education, has not announced or associated himself with any such digital earning scheme.
The advert further directs users to an unfamiliar website, raising additional red flags about its authenticity, ownership, and intent.
Classic Scam Red Flags Identified
Cybersecurity experts told this website that the advert reflects common tactics used in fraudulent schemes, including the use of high-profile personalities to gain public trust, unrealistic profit guarantees within short timeframes, pressure to invest quickly with minimal verification and links to unverified or suspicious websites
Such schemes often aim to harvest personal data, solicit deposits, or lure victims into Ponzi-style networks.
This latest incident highlights a growing wave of impersonation fraud targeting prominent Ugandan figures, where scammers exploit public trust to legitimise fake investment opportunities.
Ruparelia has previously warned the public about fake social media accounts and fraudulent platforms misusing his identity.
In the meantime, experts have called on the public to ensure they verify any investment claims through official company channels, avoid platforms promising guaranteed or unusually high returns, refrain from sharing personal or financial information on unknown sites and report suspicious adverts to platform administrators and authorities.
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