National
Finance manager charged over theft of sh1.5b
Publish Date: Jan 30, 2014
Finance manager charged over theft of sh1.5b
Patrick Odele who is facing 103 different counts of embezzlement, forgery and uttering false documents is escorted to the Ant-Corruption Court. Photo by Abou Kisige
  • mail
  • img
newvision

By Edward Anyoli

THE former finance manager of African Centre for Global Health and Social Transformation (ACHEST) has been charged with embezzling over sh1.5b.

Patrick Odele was on Thursday charged with 103 different counts relating to the scam in which billion of shillings was lost in a fraudulent transaction.

The Anti-Corruption Court Chief Magistrate Sarah Langa Siu remanded Odele to Luzira prison, after charges of embezzlement, forgery and uttering false document were read to him. He denied the charges.

Prosecution  led  by state attorney  David Bisamunyu said  Odele between May 2009 and August 2011 at Bank of Baroda being employed by African Centre for Global Health and Social Transformation (ACHEST) as finance and administration never remitted Pay as You Earn amounting  to over sh305m to Uganda Revenue Authority which he had access to by virtue of his employment

Odele is also alleged to have stolen sh36m which prosecution said he fraudulently withdrew from (ACHEST) account in Bank of Baroda and failed to remit as National Social Security Fund (NSSF) as required.

Prosecution said Odele with intent to defraud, forged several cheques claiming to have been signed by Prof. Francis Omaswa authorising the withdrawal.

Odele is also accused of uttering false cheques to Bank of Baroda purporting that it was authorised by Prof. Omaswa and withdrew the money.

Prosecution said Odele withdrew the cash amounting to sh1,527,940,933 on different dates and gave the impression that the money had been remitted to Uganda Revenue Authority and National Social Security Fund but investigations later revealed that the money withdrawn between May 2009 and August 2011 was not remitted.

The chief magistrate remanded Odele after prosecution said he was likely to abscond his trial because previously he dishonoured the police bond and went into hiding until recently when he was apprehended as he tried to escape to South Sudan.

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Uganda can defeat HIV – Mrs. Museveni
By Godfrey Ojore The First lady and minister for Karamoja affairs, Janet Museveni has said that it is possible for Uganda to defeat HIV/AIDS and have a generation that is free of HIV/AIDS....
VP meets US special envoy
The Vice President Edward Kiwanuka Ssekandi has assured the United States administration of Uganda’s commitment in promoting peace and tranquility for sustainable development of the great lakes region....
Rev. Canon Naimanhye new bishop of Busoga diocese
The Rev. Canon Paul Moses Samson Naimanhye was elected by the House of Bishops of the Church of Uganda to be the next bishop of Busoga diocese....
Arrests: KCCA tough on street vending
KCCA mounts an operation and arrests and charges over twenty people vending on Kampala streets....
Vaccine offers 100% Ebola protection: trial results
An Ebola vaccine provided 100-percent protection in a field trial in hard-hit Guinea, researchers and officials said Friday, mooting "the beginning of the end" of the killer West African outbreak....
Besigye turns to God for regime change
“Dear Allah (God) the most high and merciful, bless my struggle to change this regime, bless me with leadership for this country because I was cheated,” prayed Dr Kiiza Besigye....
Should faith based organisations be registered as Non-government organisations?
Yes
No
Can't Say
follow us
subscribe to our news letter