KAMPALA, Uganda. Not all is rosy for the second in command of the Central Bank, Louis Kasekende, as his wife’s bank details leak.
With the leak, The Investigator can reveal that the Financial Intelligence Authority (FIA), the Inspectorate of Government and Criminal Investigations Directorate (CIID) already have pending home work to do.
They are mainly going to ascertain how Edith Kasekende gathered the wealth in cash estimated in Ugx 1.6 billion stashed in her account.
These new revelations come in handy at the time when Edith’s husband, Kasekende and scores of other top Bank of Uganda officials including the Governor Tumusiime Mutebile are being investigated by the IGG for what they described as “abnormal amassed wealth”.
According to the leaked bank details, Edith runs an Easy Go account at Stanchart Bank number 0100111660500, which she uses to transact hundreds of millions of shillings.
The interesting aspect is that Edith Kasekende, though has such huge cash in her account, she is not known to own or run any potential business to raise such monies in her account.
The Investigator has established that Edith has frequently been receiving dubious deposits of Ugx 1.6 billion from BoU which she pays back after making a profit. Sources say that Edith and other people, including her husband could be using BoU’s liquid cash to boost their daily businesses and then send back the money back before it is detected.
Edith received Shs1.7 billion from China Railway Seven CRSG Company and Shs394 million from Arnold Masembe, which is suspected to be payment from BoU lawyers.
Her bank statement indicates that between January 5, 2017 and May 17, 2018, she received another Shs6447 million from an unknown source and Shs421 million from Bank of Uganda. Between the same dates she deposited Shs415 million and Shs383 million respectively, and another Shs120 million and Shs394 million, even though the source of this money remains unknown.
The sources at the Inspectorate of Government went on to reveal that: “There are large sums of cash deposits from unknown people, yet her property, as declared by the deputy governor BoU doesn’t match up to her bank transaction.” It is suspected Edith could be receiving hundreds of millions of shillings each year through or from questionable sources, reason why she has become a point of interest for investigators into the alleged multibillion fraud that is being perpetrated by officials at BoU.
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