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remitted to Uganda Revenue Authority and National Social Security Fund but investigations later revealed that the money withdrawn between May 2009 and August 2011 was not remitted.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
Museveni calls for value addition in mining industry
UGANDA’S mining investors should prioritize value addition to minerals in order to build a strong base for the economy, President Yoweri Museveni has said...
NRM fails to respond to sh5.44b suit
THE ruling NRM party has failed to file its defence to a suit filed by a party member who is demanding sh5.44b purportedly used to the party register during the 2010 party primaries...
THE new program known as The Newsroom will on a daily basis line-up coverage of Ugandan, regional and international affairs, features, documentaries and interviews...
Is Uganda involved in skulls trade?
Last month, Police in Luwero said they stopped three men who were riding on one bodaboda at night and that instead of stopping, the men just fired at Police, forcing them to respond....
Underfunding undermines my performance -  Lokodo
The minister for Ethics and integrity Fr. Simon Lokodo has attributed the ‘invisibility’ of his ministry in combating corruption and other immoral vices in the country to underfunding....
Turn boy’s leg rotting after gunshot shattered bone
The sight of Nyanzi''s rotting bone sticking out of his leg is nothing to behold....
Will police's move to increase the number of investigators help deal with fraud?
Yes
No
Can't Say
follow us
subscribe to our news letter