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remitted to Uganda Revenue Authority and National Social Security Fund but investigations later revealed that the money withdrawn between May 2009 and August 2011 was not remitted.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
Don
THE third deputy Prime Minister Moses Ali has warned Ugandans living along the borders and those working in South Sudan against fighting Sudanese...
Tour operators petition Parliament over Isimba Dam
TOUR Operators under the umbrella body Save Adventure Tourism in Uganda (SATU) have petitioned Speaker of Parliament Rebecca Kadaga over the construction of Isimba Dam...
National IDs for students to be issued next month
THE Education Ministry will start issuing new standardized national Identity Cards (IDs) for students in pre-primary, primary, secondary and technical schools next month...
Opposition courts Mbabazi
UGANDA’S main opposition party Forum for Democratic Change has asked former Prime Minister, Amama Mbabazi, to join them and oust NRM from power in the 2016 elections...
Stop-start South Sudan peace talks resume
TALKS aimed at ending South Sudan's civil war resumed in Ethiopia, mediators said, as sporadic fighting continued to rage between rebel and government fighters...
Youth call for electoral reform
UGANDA is known to have the highest figures of people living under the age of 30 at 77% of the population according to UNICEF. However the 2011 elections only managed to attract 49% of the population...
Do you think installing CCTV cameras in public places will help in the fight against terrorism?
Yes
No
Can't Say
follow us
subscribe to our news letter