SACCO Officials Charged in 3.6B Teachers’ money Fraud
Kampala. Mutesasira Evans Kaganizo, Chairperson of the Uganda Liberal Teachers’ Union Members SACCO, and businessman Esiingwa Hassan Maganda were Thursday arraigned at Buganda Road Chief Magistrates Court today on charges of obtaining money by false pretence and conspiracy to defraud UGX 1.35 billion. The case, prosecuted by the Office of the Director of Public Prosecutions follows a joint investigation by State House Anti-Corruption Court and the Criminal Investigations Directorate. The defendants are accused of misappropriating UGX 3.6 billion from a UGX 20 billion presidential grant intended to bolster teachers’ welfare through SACCOs. Prosecutors allege that upon receiving funds, Kaganizo and SACCO Secretary Twinomujuni Nathan Kakson (still at large) diverted money to purchase land in Kiira Municipality (UGX 1.3 billion) and 500 unidentified acres in Kabwoya, Kyangwali (UGX 2.75 billion), alongside vehicles worth UGX 250 million. A UGX 1.35 billion […]