By Our Reporter
NATIONAL
The CID at Kampala Metropolitan, in coordination with Equity Bank, have so far charged 8 accused persons to court with obtaining money by False Pretences, Money Laundering, and Conspiracy to defraud Equity Bank, with money amounting to Ugx 65bn.
According to Fred Enanga, the Police Spokesperson, the 8 accused persons are; Musiime Julius, Nabisubi Erina, Tumuhimbise Cresent, Ssemwogerere Fred, Asiimwe Wycliff, Mugumya Robert, Kato Fred and Mukwaya Ronald.
The first 5 suspects were arraigned before the Anti-Corruption Court Magistrate’s Court on 20th March, 2024 where they were charged with obtaining money by false pretense, money laundering and conspiracy to defraud.
These were Julius Musiime, the Head Agency banking, Erina Nabisubi, the Relationships Manager Telecoms, Fred Ssemwogerere, a banker, Crescent Tumuhimbise, a relationship officer and Wycliff Asiimwe, a distribution and marketing consultant.
Mugumya Robert, Kato Fred and Mukwaya Ronald are operators of agent banking categorized as “Super Agents” because of their high net business value.
He says the charges against the 8 stem primarily from the fraudulent diversion and disbursement of funds from the bank, in form of unsecured loans to unqualified people.
Some of these included relatives, with whom they created fictitious companies and fraudulently disbursed huge amounts of money that would be picked directly by the staff or indirectly using co-conspirators, proxies or conduits.
He says Forensic investigations are ongoing to determine the gravity of the fraud adding that several suspects are being traced, including those who resigned, after the massive fraud was detected.
The Former Managing Director, Onyango Kenneth, was interrogated and still remains a subject of investigation.
