By Vision Reporter
Kampala vocal legislator Muhammed Nsereko has been linked to a money laundering case in which Police detectives Wednesday questioned several senior managers of Crane Bank in Kampala.
A female employee at one of the branches in Kampala,said to be close to Nsereko,is among staff that Wednesday recorded statements at the Central Police Station in connection with the caseinvolving about sh300m that
was transferred from the bank and paid out through Western Union to Nsereko, the MP for Kampala Central Division.
By press time, A.R. Kalan, the Crane Bank managing director and chief executive officer, had not made any public statement over the case.
Nsereko is also yet to record a statement with the Police. Sources said Nsereko was believed to have travelled to the USA this week for the annual convention of Ugandans in America being
held in Philadelphia.
“We want to interrogate him, but we understand he is out of the country. We have solid information about the case,” a Police source said.
“Nsereko is wanted in connection with money laundering. The case involves hundreds of millions of shillings and many people have recorded statements,” a senior Police officer said last
Nsereko is one of the outspoken fresh entrants to Parliament and a selfconfessed crusader against corruption.
Money laundering has globally been recognised as a source of insecurity and instabilities with bad intentioned-people sharing money to engage in illegal harmful activities like terrorism
Bank of Uganda carries out routine audits on all accounts in all banks to find and follow up any cases of questionable money transactions on individuals’ accounts.
Parliament is scrutinising the Anti-Money Laundering Bill,which seeks to make money laundering a criminal offence.
The Bill will also control the financing of terrorism through proceeds from money laundering. If passed into law, offenders will pay a fine not exceeding sh2b or 15 years in jail or both.
Meanwhile, detectives Wednesday raided the Bank of Baroda head office and picked two senior staff in connection with the sh190m that was mysteriously diverted to the bank account of city entrepreneur Godfrey Kirumira and later withdrawn.