News

Court Grants Bail To BoU Officials

Grade One Magistrate Abert Asiimwe of the Anti-Corruption Court in Kampala has Tuesday  afternoon granted bail to three Bank of Uganda officials who were recently arrested in the ongoing investigations into illegal cargo that was imported along with the Central Banks printed currency notes.

The officials were arrested two weeks ago by police and the State House Anti-corruption Unit.

They were later quizzed by the police criminal investigations department before being arraigned in court.

Two of them Mr Francis Kakeeto, the Branch Manager Bank of Uganda Currency Centre Mbale and Mr Vito Wanyama the Assistant Branch Manager of Bank of Uganda Currency Centre in Kabale appeared last week and were remanded to Luzira prisons.

On Tuesday when the two appeared for bail application hearing, a third suspect also came up.

The third suspect was identified as Mr Charles Malinga, the Director Currency Bank of Uganda.

Court charged the trio with three counts which include Abuse of Office, corruption and neglect of duty. This was after they failed to supervise and deliver classified printed material of the Central Bank.

It is alleged that the officials breached the procurement procedures of the central bank by allowing extra cargo on a private chartered plane hired by Bank of Uganda.

Loading...

While granting bail to the suspects, court set stringent terms to be fulfilled.

The magistrate ordered all applicants to deposit their passports to court.

Mr Francis Kakeeto was released on a Shs 30 million cash bail and was ordered to deposit his home land title.

Vito Wanyama was asked to pay Shs 25 million  cash and the director currency was told to pay Shs 40 million  and also deposit his land title.

They were also warned to desist from interfering with investigations and their case was adjourned until 2nd August 2019 for hearing.

Tags
Back to top button
Translate »

Adblock Detected

Please consider supporting us by disabling your ad blocker