National

Cairo bank boss summoned over pension scam

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By ANTHONY WESAKA

Posted  Saturday, April 5  2014 at  01:00
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Kampala.

The Anti-Corruption Court on Thursday issued criminal summons to Cairo International Bank and its Managing Director Mohamed Tarek to answer questions about the pension scam in the Public Service ministry.

Prosecution accuses the bank and its managing director of conspiring with other nine senior officials in the Ministry of Public Service to steal more than Shs165 billion of pensioners’ money by creating 2,605 ghost beneficiaries.
Prosecution alleges that the pension scam transactions were made through Cairo International Bank. Since the bank is not a human being, its directors or their agent will appear in court to represent the bank and plead to the charges.
Chief Magistrate Sarah Langa Siu ordered the bank and Tarek to appear before the court on April 22 to plead to the charges of conspiracy and theft.

Number of accused up
The summons now bring the number of suspects in the pension scam case to 11, up from nine.
The other suspects already charged include; permanent secretary of Public Service ministry Mr Jimmy Lwamafa, director research and development Stephen Kiwanuka Kunsa.

Others are principal accountant Christopher Obey and senior accounts assistant David Oloka Japians of the same ministry.
Mr Lwamafa and group are on trial on charges of causing financial loss to government, abuse of office, negligence of duty, theft, embezzlement and conspiracy to defraud.
The offences were allegedly committed between October 2009 and September 2012.

awesaka@ug.nationmedia.com