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Stanchart: Circulated ‘Edith Kasekende Bank Documents’ are a Forgery

Standard Chartered Bank has dismissed as “fictitious” the bank statements purportedly belonging to Ms Edith Kasekende which were circulated on several WhatsApp groups and online publications.

“We would like to categorically state that the purported statement is fictitious and does not reflect the account of our customer,” said the internationally reputable financial institution in a statement on Wednesday.

“We would also like to clarify that this statement did not originate from standard chartered bank Uganda Limited.”

The forged documents were submitted by MP Odonga Otto to Parliament’s committee investigating the closure of defunct banks.

Otto laid before the committee, bank statements which he alleged showed transfer of funds from China Railway Corporation totaling to $1.6 million (Shs 6bn) and Shs 1.9 billion from MMAKS advocates into Edith’s account.

Edith is the wife of Dr Louis Kasekende, Deputy Governor, Bank of Uganda.

The lawmaker used the documents to claim this was “evidence” to implicate Kasekende in illicit accumulation of wealth.

However, Otto did not tell the committee where he obtained the documents.

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The legislator has previously made alarming accusations of corruption against government officials in Parliament only to chicken out when pressed to corroborate his evidence.

Standard Charted Bank sought to reassure clients of its ability to protect customer’s bank account information.

“We would like to assure our customers and stakeholders that we have strong and robust structures to protect their interests,” said the bank’s CEO Albert Saltson.

Confidentiality 

“Our employees also adhere and comply with our internal processes and procedures on customer data confidentiality.”

The bank which has for 105 years been doing business in Uganda, said it remained steadfast in doing ethical business and committed to “upholding both local and international policies and laws including customer data confidentiality.”

The MPs are investigating the circumstances under which several banks including Teefe, NCB, Global Trust, Greenland and Crane Bank were closed.

Crane Bank, which was owned by Sudhir Ruparelia and his family members including his son Rajiv Ruparelia was closed by Central Bank over what officials described as insider lending, fraud, failure to raise capital and providing misleading information to the regulator.

Sudhir is currently before the Commercial Court where he faces a range of charges related to fraud and money laundering.

The lawmakers’ probe is based on a special audit conducted by the Auditor General (AG).

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