Tycoon Emmanuel Lwasa Sent Behind Bars Over Selling Fake Gold

Broke Former Tycoon Lwasa Finally Released From Prison

Posted by: Ahimbisibwe Monica in Celebrity Gossip October 27, 2023

Self-proclaimed Masaka city tycoon and businessman Lwasa Emmanuel has finally been released from prison. This happened after spending two days behind bars over unpaid debt amounting to shillings 18 million.

It said that he had borrowed money from an unnamed person but failed to pay it back in time. It started to accumulate up to that huge amount.

The former rich man has been speaking good of himself when it comes to wealth and having money. He has spent some of his money on ladies buying them cars among other things.

He bought cars to some of the celebrities he was dating like Diana Nabatanzi, Desire Luzinda. Even one of his known wives Angel was gifted a car on her introduction ceremony.

Lwasa also spends most of his money in bars drinking and buying people around him some alcohol.

It was confusing when a video of him boarding a prison bus made rounds on social media. With all the money he says he has, it would have been easier for him to pay his debt in time.

The talker poor man spent two nights in prison and through the help of his lawyers, he was finally released late last evening. It is not clear if he has paid the debt to be released or if he was released on bail to continue with the case.

It should be noted that broke “tycoon” said he is not going to spend money on ladies any more. He is into married women these days.

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