High Interest Rates Promising ‘BW Stock’ Fraudsters Get Bail

By Our Reporter




The chief magistrate court of Tororo has granted bail to two suspects who were arrested a fortnight ago for allegedly defrauding more than 13 people millions of shillings.


The two accused are Daniel Akanga Okello and Hillary Mukasa who are being accused of electronic fraud contrary to section 19(102) of the computer misuse act 2011. They were bailed out yesterday 25th January 2022.


It’s believed that the two suspects use a website known as BW Stock where they encourage persons whom they have brain washed through their luxurious life to send them money in dollars and earn interest daily for example those who forward them 100 dollars get interest of 1.5% daily.


According to Chris Obara, one of the victims to the activities of the fraudsters, the team lured him to send dollars totaling to over 42 million of which he did but no sooner had he finished sending the money than the organization closed down their website.


Obara notes that the closure of the website raised their suspicions and this was the same time the fraudsters started luring them to join another website known as Meta connect yet they had not received any payment in the previous contract.


It was at this point that they conspired with police to arrest the two suspects who were still on their dubious missions.


Many of the duped had picked loans, mortgaged their houses and sold land to meet the demands of their alleged business and are now praying for court to consider giving justice.


The two suspects however requested for bail with Daniel Akanga Okello saying he is the sole bread winner of his family and he has a sick mother he is supposed to attend to.


Obara who alongside 12 others says they are now demanding more than 75 million from the online business channel that promised hem heaven on earth.


In her response, the state prosecutor did not object to the bail application but asked for stringent terms including confiscation of their passports before being temporarily released.


In her ruling the chief magistrate Doreen Ajuna, agreed with both parties before releasing the 2 on bail.

He released each of them on a four million shillings cash bail and Shs 15 million for each of their sureties.


Meanwhile the lawyer representing the victim’s, senior counsel Asuman Basilirwa asked his clients to cooperate with the victims so that their case is disposed off faster.


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