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Police foil suspected money laundering scheme

By Cecilia Okoth

Added 6th June 2019 06:03 PM

Owoyesigyire said five suspects, majority of who are women, have so far been arrested to help with the investigations.

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Owoyesigyire said five suspects, majority of who are women, have so far been arrested to help with the investigations.

The Police yesterday held a man suspected to be part of a money laundering scheme.

Kampala Metropolitan spokesperson, Luke Owoyesigyire made the above revelation without revealing the identity of the suspect for fear of jeopardizing the investigation.

“The suspect in question, allegedly transported strangers from various parts of the country, claiming that he was going to help them open up accounts at the Kawempe Centenary Bank branch,” Owoyesigire said, while speaking to the New Vision in a telephone interview.

He said five suspects, majority of who are women, have so far been arrested to help with the investigations.

“These people mostly hailed from Bukasa in Wakiso district. It is also alleged that the person who brought them to the bank was to deposit sh5m on each account and had promised each of them sh200,000 after withdrawing the monies,” he explained.

It was at this moment that the Police, upon notification by the bank, swung into action and made several arrests.

The five, however, according to Owoyesigire, are being treated as victims and shall be released after aiding Police with information on the matter. A general inquiry file has also been opened up to investigate the incident.

 “We want to find out where this money came from because these are signs of money laundering,” he said, adding that the exhibits are currently under police custody.

Owoyesigire said the suspect shall be released on police bond, if they do not find anything implicating him.

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