Business
MTN fraud suspects pinned over sh3.1b theftPublish Date: Jul 08, 2014
MTN fraud suspects pinned over sh3.1b theft
  • mail
  • img
Some of the MTN fraud suspects at the Anti-corruption Court.
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
Gov’t risks losing billions through advances to foreign companies
A new wave of ethical and professional misconduct has hit Uganda’s construction industry, exposing government to risks of losing billions of funds as contractors connive with employees of banks and insurance companies to obtain fake bid securities and financial guarantees...
UAE Exchange conducts Iftar at Uganda National Mosque
The largest globally networked remittance brand UAE Exchange associated with Xpress Money conducted Iftar at Uganda National Mosque, as they offered food stuffs to Muslim brothers and sisters as a sign of showing the spirit of togetherness during this holy period of Ramadan....
ADB cautions African States against international borrowing
The African Development Bank (ADB) has cautioned African countries against high borrowing rates on the international market saying it could push them back to the 'debt disgrace.'...
URA to collect tax on rented houses, properties
Uganda Revenue Authority has revealed that it will soon begin collecting tax on all rental houses and properties within urban areas....
Danish agribusiness concept to revive farming in Uganda
There is something intriguing about Denmark. A country with so many world records, one of its outstanding ones include ranking first in government transparency and lack of corruption. There are more, like having the world’s happiest population, the world’s highest minimum wage, lots more....
More investments need to be plunged into the agricultural value chain for Uganda to achieve sustainable economic growth and development, Dr. Kisamba-Mugerwa, the chairperson of the National Planning Authority (NPA) has said....
Should government review powers of kings?
Yes
No
Can't Say
follow us
subscribe to our news letter