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17 Suspects Linked to 60 Billion Shilling BoU Theft Under Investigation

28 November, 2024
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A joint team of investigators from Defence Intelligence and Security former Chieftaincy of Military Intelligence (CMI) and Criminal Investigations Directorate (CID) has so far probed 17 suspects connected to more than 60 billion shillings stolen from the Bank of Uganda.


Sources said that the $16m million was criminally transferred from BoU accounts to foreign banks in countries such as Japan and the United Kingdom (UK) and was the handwork of staff at the central bank and Ministry of Finance.

Elgon FM understands that out of the 17 people so far probed, nine are workers of BoU, six are at the finance ministry and two are from the accountant general's office.

Assistant Commissioner of Police Kituuma Rusoke, the Police Spokesperson was attending a meeting while Brig Felix Kulayigye, the Army Spokesperson made his calls busy. Sources said five people are already in custody at the former Special Investigations Division (SID) at Kinawataka, Kireka, Nakawa Division, in Kampala.

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