BoU Currency saga: Court releases officials on cash bail of Shs95m - Daily Post Uganda

BoU Currency saga: Court releases officials on cash bail of Shs95m

Bank of Uganda headquarters in Kampala

KAMPALA: The Anti-corruption Court has granted bail to three employees of Bank of Uganda (BoU) facing corruption charges in regard to an anomaly in the consignment of currency notes that were delivered from Germany where they had been printed .

They include as 36-year-old Francis Kakeeto who is a banker working as a Branch Manager of BoU -Mbale Branch, 42-year-old Fred Vito Wanyama an Assistant Branch manager and Charles Malinga.

Grade One Magistrate Abert Asimwe ordered Malinga to deposit 40 million shillings cash, Kakeeto has been ordered to deposit 30 million shillings while Wanyama has been ordered to deposit 25 million shillings.

These have all been ordered to deposit their land titles while their studies have been ordered to each deposit a noncash bail of 200 million and a 100 million shillings respectively to make sure that the accused persons return to court when ordered to do so.

These have also been ordered to deposit with the court their passports and warned against interfering in the ongoing investigations.

Last Friday, Kakeeto and Wanyama were charged with abuse of office and in alternative corruption which they both denied before magistrate Herbert Asiimwe.

Prosecution alleges that on April 26, 2019 between France, Belgium and Entebbe airport, the duo while on assignment by their employer to carry out a pre-shipment inspection of printed materials in France, in abuse of the authority to offices did an arbitrary act prejudicial to the interest of their employer and allowed the inclusion of unauthorised case on a cargo plane fully chartered by BoU.



Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top