Business
MTN fraud suspects pinned over sh3.1b theft
Publish Date: Jul 08, 2014
MTN fraud suspects pinned over sh3.1b theft
Some of the MTN fraud suspects at the Anti-corruption Court.
  • mail
  • img
newvision

By Edward Anyoli   
 
MTN Telecommucation Company has lost billions of shillings in fraudulent mobile money transactions, court heard yesterday.
 
Testifying against former employees of MTN, John  Semakula, a digital  forensic  examiner  told  court  that  he examined , a Dell  computer  and external  Laci hard  drive  suspected  to have  been used  in fraudulent mobile money  transactions  andestablished  that the computer was used to carry out illegal transactions.
 
Semakula  told  the Anti- Corruption  court presided  over by  Justice  Paul Mugamba that  some  of  money was authorised to Hari telecom and Phone accessory,  Rukungiri district employees, Tayira  Enterprise  Rubaga, Wesley  Investment  Limited.
 
The former MTN employees accused are: Joseph Joshua Magombe MTN mobile money agent, Daniel Ssegujja sales representative, Irene Kauma sales executive for Essy mobile money, Jerom Oketcho, Jackchin retention executive with MTN and Tamasha Namirembe a trainee with MTN.
 
They  were jointly charged  with  a self- employed  businessman Edrisa Sserunkuma of Kawempe a city suburb , Henry Matovu  a self – employed businessman  of Seguku, Joshua Kalaba also a businessman and  Peter Ayebale  a cleaner.
 
Semakula said his findings were that the transactions were authorised from MTN computers illegally.
 
Prosecution led  by  State  Attorneys, Marion Acio and  Paul Lakidi  alleged that the nine suspects on January25, 2013 at MTN offices on Yusuf Lule road in Kampala stole sh3.150, 000,000 the property of MTN Uganda.
 
It also alleged that the suspects in the month of January and others still at large within Kampala conspired to commit a felony of theft. 
 
They denied the charges.
 
The five employees allegedly hacked into MTN computer and wired over sh3b to accounts of seven agents registered with the telecom across Kampala according to prosecution.
 
Related Stories

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
Dr Maggie Kigozi: Obstacles in businesses are jewels
Dr Maggie Kigozi, director Crown Beverages Ltd has challenged the youth to consider obstacles in starting and running businesses as opportunities to create better lives....
How to widen Uganda’s tax base in a large subsistence economy
Uganda’s tax base remains small and the country is grappling with measures on how to widen the tax base in light of decreasing donor funds and pressures to finance the national budget....
UAE Exchange Uganda observed World Food Day
UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand observed World Food Day on 16th October. This year the theme was Family Farming: “Feeding the world, caring for the earth”...
Nigerian cleric warns Uganda over oil curse
Rev Father Edward Obi, a leading civil society activists fighting against the effects of the oil curse in Nigeria has warned Uganda that since oil has been discovered Ugandans are not safe from the negative effects the resource brings....
Oil to spur capital markets – Nsamba
This year marks 18 years since the Capital Markets Authority (CMA) was formed....
UBOS releases Producer Price Index
THE indices for hotels and restaurants indicate that annual prices for hotel services fell by 2.5 percent during the period of April, May and June 2014, compared to the same period in 2013...
Should the absence of bride price prevent couples from wedding?
Yes
No
Can't Say
follow us
subscribe to our news letter