• No_Ads
National
Finance manager charged over theft of sh1.5bPublish Date: Jan 30, 2014
Finance manager charged over theft of sh1.5b
  • mail
  • img
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
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remitted to Uganda Revenue Authority and National Social Security Fund but investigations later revealed that the money withdrawn between May 2009 and August 2011 was not remitted.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
Leaked recordings: Kidandala owns up
Kampala City deputy Lord Mayor, Suleiman Kidandala, has acknowledged taking part in leaked tape recordings.In his defense at a news conference in Kampala on Thursday, Kidandala said he did it for the good of the city and his boss, the embattled Lord Mayor, Erias Lukwago....
URA says car claimed by Bobi Wine is for Red Cross
The Toyota Tundra pick-up which investigators had impounded from former Uganda Red Cross Society (URCS) secretary General, Richard Nataka’s home in Munyonyo belongs to Red Cross....
Twenty graduates for internship
After undergoing a highly competitive selection process, at least 20 graduates have qualified for a nine month internship programme that will equip them entrepreneurship skills....
Another OPM official pinned over sh316m
The former assistant resettlement officer in prime minister’s office signed fuel authorisation forms that resulted into loss of sh316m, court heard Wednesday....
Rainy season: NEMA warns of severe disasters
The National Environment Management Authority (NEMA) has warned of likely severe disasters like landslides, lightning and floods ahead of the peak of the current rain season....
Museveni tours KCCA projects
President Yoweri Museveni on Thursday toured a number of Kampala Capital City Authority (KCCA) projects....
Is the return of Buganda Properties a sign of good Governance?
Yes
No
Can't Say
follow us
subscribe to our news letter