12 September 2012

Uganda: Sacco Employees Flee With Sh1.9 Billion

The Police in Kanungu district are investigating three employees of Kayonza Savings and Credit Cooperative Society Ltd suspected to have connived with some members of the village bank to withdraw sh1.9b from the SACCO before they resigned their jobs and fled the area.

The outgoing resident district commissioner Can. Bwagi Rullonga on Monday asked the Police to speed up their investigations so that the people's savings in the SACCO are recovered and returned to them.

In an interview, Rullonga said he learnt about the scam a few days before he was retired from the post of the RDC but asked his successor Juliet Kabonesa Ssekitoleko to work with the Police and ensure the culprits are arrested and brought to book.

Rullonga declined to mention their names saying that since they are still at large the disclosure may interfere with the ongoing investigations.

He said the suspects could have connived to fake some documents and later withdraw cash from the SACCO's account.

It is reported that when management learnt about the scam and queried the staff, they feigned ignorance and asked for unpaid study leave while the main suspect resigned his job.

When contacted, the Kanungu district Police commander Moses Ssemakula said they received a complaint from the management of Kayonza SACCO over the suspected fraud and they have started investigations.

"When we are through we shall let you know the developments," he said.

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