Mobile money laundering secrets leaks: Bagyenda, son in-law in spotlight over Shs 500M transactions - Daily Post Uganda

Mobile money laundering secrets leaks: Bagyenda, son in-law in spotlight over Shs 500M transactions

Leaked mobile money statement from MTN shows that the outgoing Bank of Uganda Supervision director Justine Bagyenda transacted over Shs 500 million in a period of three years.

According to documents, one Robert Muhumuza carried out transactions from various numbers and Centenary Rural Development Bank in names of Kenny Muwonge where she deposited over Shs 650 million.

Reliable info obtained by Daily Post indicates that Robert Muhumuza is a husband to one of Bagyenda’s daughters.

Ms Bagyenda who was recently relieved of her BoU but has been hesitant to leave, is facing multiple investigations by the ombudsman and other government agencies including the Financial Intelligence Authority over money laundering.

According to the leaked mobile money documents, another account in the names of Kalumbu General Agencies Limited Kampala, also received several transactions Ms Bagyenda’s line.

Our investigations team has already embarked on the mission to find out which kind of business Ms Bagyenda had with the above company as well as details of its ownership.

Account details that leaked showed that Ms Bagyenda had over Shs19billion in Diamond Trust Bank and Barclays Bank. Both banks have since confirmed that the account details leaked and apologized to her.

She is also linked to 17 properties in central and western Uganda worth tens of millions of dollars.

It is believed that Bagyenda strategically skipped declaring her wealth under the Leadership Code Act that stipulates “that a person shall within three months after becoming a leader and thereafter every two years, during December submit to the IGG a written declaration of their income, assets and liabilities.”

Some of Bagyenda’s properties were in relatives’ names, which indicates a motive to conceal the wealth.

IGG Irene Mulyagonja confirmed investigations into Bagyenda’s wealth were ongoing, after a whistle-blower petitioned her Office over the former BoU boss ‘wealth.

Last week the former chairman for public accounts committee Nathan Nandala Mafabi vowed to petition parliament for Bagyenda to account for all sums of money credited on and off her account, a thing that prompted Financial Intelligence Authority to launch investigations into her finances. URA is the other government agency investigating Ms Bagyenda.

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